Monday, October 6, 2008

Credit Crisis Explained

A colleague forwards this not-far-from-the-truth description of the subprime credit crisis.
CAUTION:  PROFANE!!!

1 comment:

Anonymous said...

If it wasn't costing me hundreds of thousands of dollars that might be the funniest thing that I've read in the past year. It was like a game of "hot potato" with a ticking time bomb....as long as you handed it off to the next sucker before the timer expired you made money. Unfortunately it wound up being an atomic-bomb that wiped everyone out and crippled the system vs. a stick of dynamite that would have only taken out the last one holding it.