05-16-2008, 06:04 PM
(This post was last modified: 05-16-2008, 06:10 PM by Mordekhuul.)
For those uninitiated into the depths of what went on in the recent financial meltdown (such as myself), here is a This American Life broadcast that is both entertaining and informative.
Picks up a lot after the intro, anyway, starting with the gentleman relaying the story of how he picked up a No Income, No Asset loan that he really, really didn't deserve. "Don't want to verify your income or assets? No problem, here's a loan for a few hundred thousand anyway."
EDIT-Looks like I can't edit the subject, but TIA is a typo...was going for some kind of This American Life abbreviation, to save space. Sigh.
Picks up a lot after the intro, anyway, starting with the gentleman relaying the story of how he picked up a No Income, No Asset loan that he really, really didn't deserve. "Don't want to verify your income or assets? No problem, here's a loan for a few hundred thousand anyway."
EDIT-Looks like I can't edit the subject, but TIA is a typo...was going for some kind of This American Life abbreviation, to save space. Sigh.
Jormuttar is Soo Fat...