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Understanding the sub-prime mortgage situation
Posted by: Billy Hollis on Sunday, October 28, 2007

Here's a reasonably complete explanation of the sub-prime mortgage situation, and I guarantee you'll find it a lot more understandable and easy to absorb than most treatments you'll find in various magazines and newspapers:



(Found via The Conspiracy to Keep You Poor and Stupid)
 
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Had trouble gettng the embedded control to work - found the video at:

http://www.youtube.com/watch?v=SJ_qK4g6ntM

Couldn’t they just have said ’unemployed man’... as opposed to mentioning his skin color - I probably can’t forward this link at work because of that... oh well it was both insightful and hillarious.

Sort of a Highly Structured Interchange of Qualified Professional Sounding Experts. (Note the definition of Expert in the this description may not match your understanding. The term qualified is not meant to imply a professional license or other structured measurement of knowledge but rather meant to describe the work professional. You should evaluate the risk of viewing this video given that you might not consider these individuals experts in the topic of discussion, the risk associated with viewing this video is one you’ll choose to accept prior to viewing it with no recourse against those providing the video.)
 
Written By: BillS
URL: http://bills-opinions.blogspot.com/
Alas, someone has noticed, again, that the emperor has no clothes.
I remember a 60 minutes show some years ago, about 1987 I think, where they interviewed some money managers from Wall St. These clowns were in their 20s, recent college graduates with degrees in things like English, who had no more than a couple of years of work experience and who each handled hundreds of millions of dollars of other people’s money.
 
Written By: timactual
URL: http://
Speculation has gotten way too big a role in our economy.
 
Written By: jpm100
URL: http://
I wouldn’t even dignify it by calling it speculation. It’s more like a game of ’hot potato’.
 
Written By: timactual
URL: http://

 
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