Thursday, February 28, 2008

How the foreclosure crisis really happened

46 slides tell the story of 'the foreclosure crisis' in cartoons. I particularly like slides 28 & 29, but the whole thing is hilarious. Normally jokes about how something 'really' happened are mean-spirited and frivolous, but this is really more like one of those 'cartoon history of the world' things.

Update: Maybe slide 26 is really my favorite.
[W]e have convinced them that it is vitally important to the health of the US financial system that investors not know about these complex transactions and what is behind them

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