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If you haven’t seen this yet then you probably don’t work on Wall Street or in a large mortgage shop where it’s been forwarded a dozen-hundred times. We’ve had songs, top 10 lists, videos, and now add to it the Subprime Primer slide show. Full of F-bombs (you’ve been warned) it takes us through an origination of a subprime no-doc mortgage all the way through to the Norwegian village that is now losing money on its investment.
It’s pretty funny, and worth watching if it’s a slow holiday Monday for you. It may not be safe for work due to the language used. — Morgan
Hat tips to two different Blown Mortgage readers and the Inman blog guys for pointing the way.
Last 3 posts by Morgan
- Subprime Bananas - June 28th, 2009
- Roubini: No confidence in government exit strategy - June 24th, 2009
- Goldman bonuses largest in firm's 140-year history - June 21st, 2009
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