Sub Prime crisis

Vivek pointed me to a great set of slides which explain sub prime crisis. Check them out, it rocks!

Subprime Primer

Got to love accountants and economists. I wonder how some of these people(responsible for the mess) go to bed at night.

2 comments ↓

#1 Gautham R Shenoy on 03.27.08 at 8:26 am

“Yeah, that was a bad assumption. We fucked up. Sorry.”

Heh! Excellent primer!

#2 taj on 03.27.08 at 3:29 pm

With the huge sums of money they paid themselves as bonuses and commissions, why would they lose any sleep.