This is by far the easiest explanation to the SubPrime Mortgage mess. It is good to understand the problem given that our Congress either does not understand or does not care as the Democrats get ready to throw billions at the problem to bailout criminals like those illustrated in this presentation.
Some of the activities portrayed in this presentation are illegal. It is called fraud. Keep that in mind too as they discuss bailing them out.
Some of the activities portrayed in this presentation are illegal. It is called fraud. Keep that in mind too as they discuss bailing them out.
I originally found this at The Real Estate Bloggers in their post "CDO Primer or How The Subprime Mess Got So Big" and thought it worth sharing.
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*** Video: Real Estate Prices illustrated via a Roller Coaster Ride *** - 06 Apr 07
Interest Only - Worse than Renting - 06 Dec 07
*** Mortgage 'Rate-Freeze' Does Not Delay Loan Reset *** - 08 Dec 07
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