The Subprime Primer: A Brief Diversion

Given the turmoil in the financial markets, I feel compelled to pass along my all-time favorite explanation the key issues behind the subprime mortgage crisis -- as told in the form of a cartoon slide show! Click here or on the cartoon below.

Yes, I know this blog usually focuses on commercial issues in the pharmaceutical industry, but this cartoon is accurate and quite funny. I'm not sure who created it, but I've cleaned it up to remove the profanity in the original. You can find a link to the R-rated version on Greg Mankiw’s blog, which is where I found it.

We now return to our regularly scheduled blogging...