Here is a Powerpoint presentation that makes the whole sub-prime mortgage mess easy to understand. It discusses how so many unqualified people got mortgages and how the big financial institutions packaged them together and sold them as AAA quality securities. You'll get a good laugh out of the high quality graphics.
*When on the netfiles website, click "Sub_Prime_Expl.pps" to access the powerpoint*
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i just posted and it's already 4th in line... what gives?
ReplyDeleteoh... never mind
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