Financial crisis, explained

[lestobiosis]

I'll admit, I know very little about finance and understand even less.

So I was happy to watch this informational video, sent by my mother.

Comments

[iahnhiatm]

Liked the reference to dodgy debts and good names for poor investments. Also the subtitles helped me revisit my high school Spanish that I seem to use quiet often these days.

I was sure you were going to link to the following powerpoint presentation that has been making the rounds for the last two weeks. Just to keep it current, substitute Iceland for Norway. Really, the bond rating folks need to go to jail right along with the creative bond bundlers and namers. Here's a link to a presentation back in FEBRUARY!

http://michaelperelman.wordpress.com/2008/02/15/a-subprime-primer/

Note: The language on slide set is "R" but somehow I think you can handle it and in this case the profanity seems subject appropriate.

[lestobiosis]

Brilliant.
I've emailed that PP presentation to everyone I know...