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Understanding the Sub-Prime and Banking Crisis

Date: Nov. 11, 2007
Tags: None

Just in case you don't grasp the current sub-prime mortgage and financial market problems, here's a diagram from the Fed that illustrates the flow of money in the system that has been affected. If you understand conduits, collateralized debt obligations and this diagram, please let me know. You can explain this diagram to the rest of us.

If you don't understand it, you're normal.

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