Two different ways to explain the same weird situation – which one works better for you?
PBS NewsHour (thanks for the link Dad)
The Subprime Primer, explained by Stick Men (contains potentially offensive language)
Hope not too many of you are directly caught in this mess :-/
Comments
One response to “The Sub Prime meltdown explained (twice)”
Adam showed me the one with the stick figures last month and it was probably the best explanation I’d seen of how it all happened. We had fun trying to figure out which one of the stick figures was my brother (a bond trader at Goldman Sachs). 😉
I’ve been wondering how this will affect librarians’ willingness to move on to new jobs that require a move. As a home owner, I know if I tried to sell now, it would probably take a year to sell our house and we wouldn’t get what we paid for it. I’m sure it’s the same for a lot of other people and I bet it will make it far more difficult to fill positions above entry-level (in the states at least).