Subprime Primer

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12 comments

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+ Mark Harrison 4 months ago
Isn’t it amazing that 2 years after this was done, we can see the fallout of the sub prime industry...if only we knew then what we know now...

http://www.anytypeofloan.co.uk
+ guest25887b0 6 months ago
Bad Credit,Unemployment, and bad debts. Nice Job!

Budgeting,Credit Repair,Resumes: http://www.moneyteachers.org
Conspiracy Blog: http://deadmanmusings.blogspot.com
+ guest6eee3 9 months ago
Here is the root cause of the problem...

http://video.google.com/videoplay?docid=-9050474362583451279
+ Tom Chechatka 2 years ago
Thanks for sharing. I will pass this along to my readers...
http://stock-index-options-alert.blogspot.com/
+ Richard Veryard 2 years ago
See review by Garr Reynolds (Presentation Zen) http://www.presentationzen.com/presentationzen/2008/10/a-clickable-slideshare-primer-on-the-subprime.html
+ guestc180c 2 years ago
It’s a nice break from the rough week the market has faced. Thanks for the laugh.

http://qlcconsultant.com/
+ guest907af 2 years ago
pretty good ... but not wholey accurate about *every* mortgage. Some could afford to pay until problems arrose... some did have downpayments, and some *were* lead into predatory lending schemes .... 'oh just fill out this form ... its a little higher up front cost, but that will be rolled into the loan and we won’t have to worry about any of the smaller paperwork' (that is, the no doc type loan)

so sure.. lots of mortgages went belly up .. many due to predatory lending, many due to financially ill persons .... and in the end, the banks had a chance to work with **many** of these people, but because the presures are so great on them to wring money from every asset, rather than plan for the asset in 3 to 5 years... many of those persons loose their homes, and any possible chance of reclaiming the thousands they’d put into the house, all because the banks refused to work with them (lower the rate for X years, half payments for X years, etc)
+ guest0f261d 2 years ago
This is a good illustration. Too bad the language at the end shows little professionalism. Because of that, I won’t be passing this on.
+ Julio Gorgé 2 years ago
Awesome. Thanks for the laught, too .
+ guestbf2ef890 2 years ago
So very funny. Ya know...because it’s true.

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Notes on slide 1

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Tags loan crisis suprime finance
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