Archive for February 16th, 2008

The Subprime Primer

Found this floating around in the web-o-sphere. All you need to know about how subprime lending works. Two years ago when I got my first mortgage and I was reading about all this stuff, I wondered how anyone thought this was a good idea, but I just figured I didn’t know enough about the system. Guess it wasn’t a good idea. What a surprise!