erennn

wonderful, thanks..

Gearbox22

Very cute, however they left out the part where Fannie Mae and Freddie Mac allowed, or should I say,whole heartedly encouraged, the making of these loans and provided the bundles of mortgages to wall street to have them securitized. Must have been a Democrate who drew this up.

mprat001

Someone sent me this ppt about 6 months ago, and I laughed as much as anyone. It inspired me to learn more, unfortunately, and now a lot of it seems misleading. Those who know more than I do about this stuff seem to agree that the relaxation of lending standards was a RESPONSE to growing demand for mortgages from Wall Street firms, who were, in turn, responding to the voracious appetite of worldwide investors for mortgage-backed securities. I won't be too picky about distinguishing between CDO's, CMO's, MBS's, etc., since I am still trying to figure them out.

NIKOLINA789

Helped me a lot!!! Thanks

Tracey Pollen

Good idea my friend

sophie_lei

I appreciate it a lot!

cyberguild

I'm wiping my eyes I laughed so hard. I can't see to type... True and sad.

secret-coupon

great article on the Subprime mess we find ourselves in

chubbyenoch

This was a very nice illustration.

tixrus

This is the most lucid explanation I've seen yet! Basically you have shit lying around and you just hope it's gone before it really starts to stink. If it's not, oh well. Pass the buck all the way up and then atomize it. The rich take their cut at each step and the poor pay. Again.

jds07030

This is hilarious and true.