With all the buzz going on about the collapse of Lehman Brothers, the $700 billion AIG bailout plan, and the US financial crisis and its impact on Philippine banks, the word “subprime” suddenly gained notoriety in mainstream media.
What exactly is the subprime mortgage problem?
We already discussed this concept more than a year ago (See The US Subprime Mortgage Problem – explained in simple terms), but for those looking for a simpler explanation, you’re in luck.
Here’s a Powerpoint presentation that humorously but accurately explain “subprime.”
Click here to view the Subprime 101 – A simple but funny explanation of the US Subprime Problem Powerpoint file.
2 thoughts on “Subprime Mortgage 101 – A simple and funny Powerpoint”
Always loved that simple explanation on the subprime mortgage. I’ve written some articles on it too. I have the youtube video and another youtube video under my post entitled “Subprime mortgage bloppers.” By the way Marghil Macuha and I have just launched our free ebook on blogging check it out at http://www.zdiaz.com/index.php/2008/09/29/finally-our-very-own-guerilla-blogging-ebook/
Can anybody acquire it from a bookstore?