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Warren Buffett News Watch Forum / Talk / The Warren Buffett Fan Forum / Sub Prime Mortgage Market (Explained - Video)
Posted:  09 Aug 2007 14:11
Hey, like everyone else, I've been seeing a lot of talk about the collapse of the sub-prime mortgage market. I started doing some searches on YouTube (haha, that pillar of educational videos) and surprisingly found this:

http://youtube.com/watch?v=4owUmVIBjDA

For anyone looking for some insight as to how the system works, and a little bit of background, I found it to be pretty good.
Posted:  11 Nov 2007 19:08
This is great
Posted:  12 Nov 2007 09:58
Isn't it? Things seem to just keep getting worse and worse... I thought I read recently that banks (as a whole) might have upwards of $1 trillion dollars in "bad" debt on their books.