Carl Klutzke ([info]sirvalence) wrote,
@ 2008-10-11 09:18:00
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CDOs Explained
This is a great 6-minute explanation of how problems with bad mortgages escalated into the financial fix we're in now. (via [info]rob_donoghue )

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[info]princejvstin
2008-10-11 02:09 pm UTC (link)
The This American Life that broadcast last week was a longer take on the same idea. I am illuminated...and absolutely frightened.

I think we multiplied our debt far beyond any rational ability to pay it.

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