Sun, 22 Feb 2009

Credit Crisis Visualized

There's a wonderful post up over at within the crainium explaining the credit crunch. Check it out - well worth the time (it's about 10 minutes of video).

Included as a bonus was a link to GNMA (GinnieMae), a Federal program for mortgage backed securities that some say started the whole morass back in the 80's. Drilling on this site provided the first prospectus I'd seen offering mortgage backed securities... scary stuff, indeed. Or "Fun With Math", take your pick.

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