17 September 2008

Mortgage mess

This little gem came to my attention through my pals over at Consumerist. The Dow Jones is in a downward spiral this morning as it comes time to pay the fiddler. Unfortunately, we're going to be the ones stuck with the bill as the market corrects itself. What ever happened to the good ole Republican idea about giving a hand up not a hand out? It went to the same place where their other pearl of wisdom went; that industries can regulate themselves. Anyhow, what's happening in the financial sector this week affects everyone whether or not you understand what's going on or not. Here's a PowerPoint presentation that explains it pretty well.

Read this document on Scribd: CDO Powerpoint SubPrime Primer

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