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The Subprime Primer

submitted by davidraine

1 decade 6 years 1 month ago

World Affairs

A Powerpoint presentation that was shown to me by my roomate, who works in the industry. According to him, the biggest mistake that everyone made was that housing prices will always go up, so these risky investments would be safe in the end.

7 Comments

*promote

I think people need a recall.

"According to him, the biggest mistake that everyone made was that housing prices will always go up, so these risky investments would be safe in the end."

It's so funny how this is always the reason for something like this. It shows an utter detachment from the reality of business cycles. No market ever perpetually keeps going up and up. Especially something as volatile as housing prices.

Promoting this video and sending it back into the queue for one more try; last queued Saturday, October 4th, 2008 5:42pm PDT - promote requested by Farhad2000.

Moving this video to DavidRaine's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.

Thanks for the promotion, Farhad. This is some pretty dry material though -- Maybe it seeds a little *begging.

Sending this video to Beggar's Canyon to plea for a little attention - beg requested by original submitter DavidRaine.

*beggity beg beg beg...

Sending this video to Beggar's Canyon to plea for a little attention - beg requested by original submitter DavidRaine.

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