The Subprime Primer

I just discovered a wickedly funny little power point presentation over at the Inman Blog, in which foul-mouthed little stick figures explain the sub-prime debacle. And when I say foul-mouthed, I mean foul-mouthed. If you don't like bad words, please don't click through it.

F-bombs, stick figures, and humor aside, the "Primer" does a great job of putting the whole mortgage mess into fairly simple terms. Apparently this was circulated among Wall Street traders earlier this year, though I'm not sure of the original source.