This presentation was forwarded to me by a friend of mine. This exactly explains the reason why we are seeing an economic meltdown globally today.
All of this started many months back – something that is called Sub prime crisis. First 4-5 slides is what is the root cause.
A must watch (please view it full screen so the text is visible)
How could these finance companies be so careless ! Astonishing…Look where they have got us today
Hey,
Yeah been all over the place , moved to the states to pursue my masters. Ive been here for 2 months. So the whole while preparing to come to the states and then coming here adjusting got a good hold of me.
Hope things are good on your end.
Hey Priya….such a pleasure to see you after a long long time :) …where have you been uh?
not been around at all..
The presentation goes into the nitty-gritty details of the economics behind the mortgage mess. Love it!
I wrote about how I saw the mortgage mess unfolding: http://srmrt.blogspot.com/2008/09/what-possibly-led-to-mortgage-mess.html
Your thoughts welcome.
WOW this by far has been the nest explanation to the meltdown . Awesome.
Hope all is going well for you Arun.