Dummies Guide to Understanding Subprime Mortgages

by Lee Gesmer on May 27, 2008

A lot of people are having a hard time understanding how the country got into the sub-prime mortgage mess, or even exactly what a “sub-prime mortgage” is. How could so many intelligent, responsible people in housing, banking, finance and government have gotten this so wrong? If you’re are one of these people, this skit may aid your understanding.

Oh, and fans of the Wiley Publishing “Dummies” series, I have nothing to do with them at all. In fact, I’m a big fan.

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