The Sub-Prime Problem Explained

Just a note of warning, there are a few naughty words on this detailed explanation of just how the Sub-Prime Mortgage market crashed and took out companies such as Bear-Stearns, Lehman Brothers, Fannie & Freddie and many more as noted in the Mortgage Implode O Meter site.

SubPrime Primer (It is a 2 MB File so it might take a few seconds)

Click on the SubPrime link above