Subprime in a Nutshell

  …or as Basil would say: “Nutcase more likely”.

 

 

 

This is a very neat one page summary of the subprime fiasco and subsequent global financial crisis.  It ties together the roles played by the lenders, borrowers, investment banks and rating agencies, although there’s no mention of how or why the regulators went missing in action.

Click here to read the article.