Here it is all summed up in cartoon form. You just have to click on "next page" at the top to see it all unfold...
They were greedy fools.
Click here and read it for yourself. I think this cartoon does explain it well. I know it's hard for a lot of us to understand because it is a crazy way to try and make money. Throw out your logic and sense of decency as you read the cartoon, and then you'll understand it better.
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2 comments:
I've seen this before - love it!
It's very clear isn't it?
Both my husband and I hate financial stuff. We're not interested in it, it's complicated and boring. Neither one of us understood the sub prime crisis well at all. It made no sense, until this cartoon came along...
I couldn't be the only one who feels this way. I KNOW I'm not the only one, so I thought it would be useful to share this bit.
I love it too!
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