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kk.iyer
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Interesting read, this.... 17 Mar 2008, 09:54
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Given the developments over the weekend...and since we discussed this on the Sunday evening chat...
Here's something very interesting to read..
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Subprime_mortgage_crisis.zip [1.71 MiB]
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Interesting read, this.... 17 Mar 2008, 11:30
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kk.iyer
Given the developments over the weekend...and since we discussed this on the Sunday evening chat...
Here's something very interesting to read..
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I got it through another source, absolutely brilliant! :-D

So true though...
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kk.iyer
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Interesting read, this.... 17 Mar 2008, 15:47
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I guess there shouldn't be any, but if there are a few who were offended by the barrage of invectives towards the end of the presentation, I didn't put them in there.... :lol:
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bsd_lover
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Interesting read, this.... 17 Mar 2008, 15:52
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Not sure if "tranche" is correctly defined here (or the reasons for their existence clearly explained). Apart from that this is not only brilliant and funny , but also very accurate.
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togafoot
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Interesting read, this.... 17 Mar 2008, 18:39
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ha ha, this is great
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kk.iyer
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Interesting read, this.... 18 Mar 2008, 10:45
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I wonder the if the folks who made "The smartest guys in the Room" see another such movie in the making.
Let's hope they do, I'll be among the first ones to watch it... :lol:
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89nk
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Interesting read, this.... 18 Mar 2008, 14:37
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I liked it a lot. Went through it several times.
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jb32
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Interesting read, this.... 18 Mar 2008, 20:03
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Yeah, my girlfriend worked in mortgages in Riverside county and the things she used to tell me about the people they were giving loans to would make me laugh out loud. A 23 year old cocktail waitress got approved no doc with stated income of $60,000 for a $450,000 condo. Now you tell me if that makes any sense? No money down and only stated income of $60,000? Her mortgage payment would have been close to her net income. This happened everyday my gf alone would do 4-5 of these a week!!!! Oh well, she also made more money in 2006 than I made in the last 3 years, of course she is unemployed now. :cry:
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kk.iyer
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Interesting read, this.... 18 Mar 2008, 22:43
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haha..going by the number of downloads..many more know about the mess now and given that it is funny...I'm sure it'll be passed around too. If it does make its way to the mailbox of the person who first thought of it (the mastermind)...I'd love to see his/her reaction to this PPT :lol:

jbpayne
Yeah, my girlfriend worked in mortgages in Riverside county and the things she used to tell me about the people they were giving loans to would make me laugh out loud. A 23 year old cocktail waitress got approved no doc with stated income of $60,000 for a $450,000 condo. Now you tell me if that makes any sense? No money down and only stated income of $60,000? Her mortgage payment would have been close to her net income. This happened everyday my gf alone would do 4-5 of these a week!!!! Oh well, she also made more money in 2006 than I made in the last 3 years, of course she is unemployed now. :cry:
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