Tuesday, September 23, 2008

from a VC/banker friend, the simple explanation for the mortgage crisis

sep 22nd, 2008

warning: profanity

how to destroy the financial system in a few easy steps, and make yourselves a few million dollars in the process.

http://rajeev.posterous.com/in-a-few-easy-steps-how-to-scr

2 comments:

Brownian Motion said...

Beautifully done. Nice explanation of how we reached this mess. Could we have another about the bailout process please?

P

Eternalsoul said...

So darned funny if it were not having tragic implications.These financial 'Czars' managed to get the American economy to bite the dust.