Subprime Explained - Google Docs
Someone sent me this amusing but incomplete explanation of the subprime meltdown that's making the rounds.
I think it's incomplete because it lets politicians off the hook. In particular, it lets conservative Republican politicians off the hook. They are the ones with so much faith in the free market that they effectively gutted regulation and undid lessons learned as a result of the Great Depression it took World War II to get us out of.
I was going to add one more "fuck you" to the presentation, but what's the point?