If you had trouble following the last presentation I linked to that explained the subprime crisis and how it’s affecting the broader investment community, then you don’t have a chance with the NYT piece that attempts to take on the same task.
If you could handle the stick figures though, you might want to give the piece a try. It will leave you with the usual “…and people thought this was a good why exactly?” feeling.
The rest of you can try the Australian comedy version.
There’s nothing to worry about though. It’s not like people are living in tent cities or anything.
