Sub Prime crisis

March 27, 2008 6:36 am shres General

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 Responses

  1. Gautham R Shenoy Says:
    March 27th, 2008 at 8:26 am

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

    Heh! Excellent primer!

  2. taj Says:
    March 27th, 2008 at 3:29 pm

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