Vivek pointed me to a great set of slides which explain sub prime crisis. Check them out, it rocks!
Got to love accountants and economists. I wonder how some of these people(responsible for the mess) go to bed at night.
Sub Prime crisis
March 27th, 2008 | General
2 comments ↓
“Yeah, that was a bad assumption. We fucked up. Sorry.”
Heh! Excellent primer!
With the huge sums of money they paid themselves as bonuses and commissions, why would they lose any sleep.
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