How SubPrime Really Works

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?!?
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click to launch slide show

Ace_mortgage

Category: Credit, Derivatives, Finance, Real Estate, Trading, Video, Web/Tech

WTF? Feds Shutting Down Economic Data Site

Category: Data Analysis, Economy, Politics, Psychology

FGIC: Let Us Split in Two

Category: Credit, Derivatives

The Monolines Are F#@%ed!

Category: Corporate Management, Credit, Derivatives, Short Selling, Taxes and Policy

Tigger Economics

Category: Markets, Psychology

Quote of the Day: Liquidity Trap

Category: Economy, Federal Reserve, Fixed Income/Interest Rates, Real Estate

FOMC Speech

Category: Federal Reserve

Housing and Monetary Policy

Category: Currency, Federal Reserve, Fixed Income/Interest Rates, Real Estate

Real Retail Sales Growth Fall to 2003 Levels

Category: Consumer Spending, Data Analysis, Economy, Inflation, Retail

Sovereign Wealth Funds

Category: Investing, Politics