Clarke and Dawe on the Mortgage Crisis

John Clarke and Bryan Dawe of the Australian Broadcasting Corporation explain the subprime mortgage meltdown in a manner even I can understand.

People who don’t know what they’re doing will buy anything, Bryan.

http://www.abc.net.au/australiawide/stories/2008/200803/s2190009.htm -via Boing Boing

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haha funny!

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Interesting, but wish there was more discussion and less shtick.

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"People who don’t know what they’re doing will buy anything, Bryan."

As evidenced by all the yahoos that think the mortgage problem is a cause of financial trouble, rather than just another symptom.

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Awesome! If you enjoyed that, you might enjoy this Housing Bubble video:
http://www.youtube.com/watch?v=Ivp4YqGCI-s

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