Mr. Smart Bombs weighs in on the subprime lending mess and wonders whether the country will fall for the next too-good-to-be true trend in the economy?
What do you think?
UPDATE: A “recovering banker” named Richard Martens (see his blog here) sent me this YouTube link to a British skit on the subprime mess. It’s funny. The subprime part kicks in at about the 3-minute mark.
“So you take this package of dodgy debt and call it a structured investment vehicle?”