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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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"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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