10 March 2008

This is not medical

But it is awesome. Have you ever been confused about this whole complex sub-prime mortgage meltdown? Here's a hysterical -- and reasonably accurate -- presentation of how it all went down, crudely animated with stick figures.

[h/t Greg Mankiw, who also points out that the language is not safe for young children, but then it's economics, which is never safe for young children.]

2 comments:

SeaSpray said...

That was great! Also scary. And sad that people fall into some of these awful loans with the huge rates. Just saw something on it this past weekend.

redrabbitslife said...

That was hysterical! I think I sorta get the basics but I sure as hell hope there's more to it than that.