Another week, another cataclysmic financial event stemming from all those addictive subprime loans. After Lehman went under, Merrill got bought, and AIG needed a bailout, maybe it’s a good idea to take a look back at how we got here. Subprime loans — the cause of all of life’s problems these days.
This is probably one of the most accurate descriptions of the subprime mortgage crisis I’ve seen yet. It’s a modern day Schoolhouse Rock, and didn’t just about everyone love those? Maybe someone should make one of these for the SEC showing how a temporary ban on short-selling isn’t going to help anyone in the long run.
Let us know what you thought of this in the comments section.