Wow, nothing brings out the jokes like a good swoon in the financial markets.
First, an English investment banker gives a high-level overview of the subprime mess, circa August 2007:
Or, a lovingly illustrated primer on subprime lending and securitization.
By December, conditions in the markets were calling for
Dr. Seuss.
And finally for a little historical perspective, an investors’ Q&A from 2002–2003:
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Links of note. Worth your while or your money back.
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