Oct 2, 2008

The subprime mortgage meltdown picture book

See Jane sell a bad mortgage. See Dick buy the bad mortgage and bundle it with other bad mortgages, creating a collateralized debt obligation he can sell to institutional investors. Sell, Dick, sell!

A picture book account of how the subprime mortgage mess tanked our economy. There's a few words, too. (Note: The link is to a Power Point file.)

2 comments:

Todd said...

Don't try to scare us with a bunch of *numbers* I don't think al qaeda used Microsoft Excel to attack us.

http://www.pasadenacenteroftheuniverse.com/2008/10/be-all-end-all.html

Anonymous said...

^^ nice blog!! ^@^

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