Saturday, March 15, 2008

Srawberry Shortcake explains the subprime mortage crisis

At Grant Miller Media:

Hi! I'm Strawberry Shortcake. Do you like to blow bubbles? I know I do. But do you know what a housing bubble is? It's when home prices rise far beyond their intrinsic value. Some think subprime loans helped over-inflate the market! It may not sound as much fun as blowing bubbles, unless you're an attorney or you invest in gold!

It's actually a great explanation: Link

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