The Subprime Thing For Dummies

December 7, 2008
Posted by Jay Livingston

I like simplified explanations of complicated economic stuff I don't understand. The more pictures and fewer words, the better. So I was very please to find this graphic flow chart created by Felix Salmon at to explain CDOs, RMBSs, tranches, and the whole subprime mortgage fiasco.

I can’t figure out how to get Blogspot to print the graphic as large as it needs to be for you to read the text box. But you can find the whole show here.

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