Wednesday, September 17, 2008

The Subprime Primer: A Brief Diversion

Given the turmoil in the financial markets, I feel compelled to pass along my all-time favorite explanation the key issues behind the subprime mortgage crisis -- as told in the form of a cartoon slide show! Click here or on the cartoon below.

Yes, I know this blog usually focuses on commercial issues in the pharmaceutical industry, but this cartoon is accurate and quite funny. I'm not sure who created it, but I've cleaned it up to remove the profanity in the original. You can find a link to the R-rated version on Greg Mankiw’s blog, which is where I found it.

We now return to our regularly scheduled blogging...

4 comments:

  1. Adam, awesome as always. Thanks for the insight. I'll be sharing this with friends. -A

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  2. Yes, good stuff! Thanks!

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  3. OMG, as my 12-year-old daughter would say, that was the funniest thing I have read in a long time. And so unbelievably poignant. I have been asking and asking and asking people – for months – HOW ON EARTH this could have happened, and on such a LARGE scale? I knew there were bottom-feeder lenders (one hears them on the radio), but this was ubiquitous and HUGE and brought down several formerly serious institutions (not to mention the economy).

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