Tuesday, March 4, 2008

Subprime mortgage defined!

http://docs.google.com/TeamPresent?revision=
_latest&fs=true&docID=ddv7hj34_03774hsc7&skipauth=true
>

A friend of mine sent me a cute little cartoon to explain the sub-prime mortgage. My observation:

(1) No due diligence is necessary if someone is going to share your problem. It's better if it's a bigger share
(2) Assumptions should be challenged! "The stock market always rise!"

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