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How SubPrime Really Works

Posted By Barry Ritholtz On February 15, 2008 @ 11:15 am In Credit,Derivatives,Finance,Real Estate,Trading,Video,Web/Tech | Comments Disabled

Since its a slow Friday before a 3 day weekend, let’s have some fun.

As the credit market has gone into the crapper over the past few weeks, gallows humor seems to have gotten the best of investors and traders. This hysterical piece of financial wit — in Powerpoint no less — has been circulating round Wall Street trading desks for a few days now.

I embedded it into Google apps and posted it on line so everyone can enjoy the warped sense of humor that accompanies losing $100s of billions of dollars.

Ain’t Wall Street grand?!?

click to launch slide show

Ace_mortgage [1]

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URL to article: http://www.ritholtz.com/blog/2008/02/how-subprime-really-works/

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[1] Image: http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true

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