Subprime Primer — Hilarious AND Mostly True

Watch the slideshow at this link first. Then read below for a description of a minor inaccuracy.

Subprime Primer

The only very minor inaccuracy I’m aware of is that the “good” the “not so good” and “the ugly” should be renamed into five buckets named A through E tranches. Also, when the bank is left with the E tranches, they group the E tranches together and just cut them into more tranches so that they can sell the A through E tranches of the E tranches. Of course, this doesn’t make it better. It makes it worse.

Thanks to Stephanie for forwarding me the PowerPoint version of this.

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One Response to Subprime Primer — Hilarious AND Mostly True

  1. Higghawker says:

    Absolutely right on! Is this country a mess or what?

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