Here is a nice power point explanation of the subprime crisis.
[...] powerpoint explanation of the sub-prime [...]
I think that pretty much sums it up.
Even the graphics are about right.
[...] Economics, The Invention of Capitalism, The Perverse Economy. He maintains his own blog, and here he gives a Powerpoint presentation explaining the mechanics of subprime. Even I learnt a thing or [...]
I think the lcearest explanation of the REAL CAUSE of the mortgage crisis can been found here:
Eric Harrington – The Private Sector Caused the Crash!
It was not just sub prime mortgages that caused this problem.. It was a greedy coalition of Mortgage banks, investment banks, and rating agencies.
That address for the piece I just mentioned is:
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