Subprime Value Destruction in a Nutshell

I don’t know if you’ve seen this, but a friend of mine from LA recently emailed it to me:

Download explanation_of_sub_prime_issue.pps

Every once in awhile you get something that says it all with a few pictures and words, and this pretty much encapsulates a host of complex issues without a whole lot of verbiage. Lots of culpability to go around, and this little slide show calls out the salient players. I hope you like it. I know I did.

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