A personal finance blog written by Preet Banerjee
You would have to have been living under a rock not to have heard about the sub-prime mortgage meltdown. However, I think many people don’t actually know what machinations were behind the debacle. Luckily a friend forwarded me this video which is intended to be a satirical take on the situation, but is scarily poignant. The video is about 8 minutes long and is absolutely brilliant! :)
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About Preet
Preet Banerjee, B.Sc., FMA, DMS, FCSI is the W Network's Money Expert. He is a former stockbroker and financial planner. Prior to that, he was a racecar driver, and before that he trained to be a neuroscientist. Basically, he can't hold down a job for very long.
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bad credit lenders
http://www.bridgemortgages.com - Subprime mortgage lender provides purchase and refinance loans to borrowers with less than stellar credit.
Hilarious and right on point!
This is one of the best explanations I heard about the subprime and the banks’ thinking.