If you're like most people, you've seen the headlines about the subprime mess, collateralized debt obligations, structured investment vehicles, and a credit crunch -- but you're not really sure what it's all about, or how it ended up with big banks and pension funds losing billions.

Of course there are articles on it and soon there will be books -- But it's not very interesting. For a 15-minute look at what went wrong, you may want to watch this 60 Minutes special report.

What's amazing is how simple it was -- at its core, a straight-up ponzi scheme.

Increase your money and finance knowledge from home

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Managing your Portfolio

Keeping your portfolio and financial life fit!

View Course »

Add a Comment

*0 / 3000 Character Maximum