Deans are people too. As proof, one sent me this, via Mankiw: a cartoon primer on the subprime crisis, shorter and cruder than the This American Life version, but also funnier.
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The Edge of the American West 
8 comments
July 30, 2008 at 9:48 am
Neddy Merrill
Well, that certainly clears things up.
July 30, 2008 at 10:01 am
Jeremy
This slideshow is really effective at conveying how shady and corrupt the financial industry is, and it makes it a lot more understandable why there are so many problems now.
July 30, 2008 at 10:24 am
eric
See, that’s the thing. It’s so obviously wrong, once you get into selling NINA loans, that it’s amazing it proceeded. Yet here we are.
July 30, 2008 at 10:48 am
andrew
That’s great, but it still doesn’t do justice to what happened in Florida.
July 30, 2008 at 11:18 am
Neddy Merrill
I wonder, as I often do, about the over/under on dumb vs. opportunistic: how many people engaged in this enterprise knew how shoddy the whole thing was, and how many bought the rationalizations? Sweet mysteries of life. I mean, the NINA thing is transparently insane.
July 30, 2008 at 11:26 am
Too Good to Pass Up: stick figure cartoon of the mortgage mess « blueollie
[…] Too Good to Pass Up: stick figure cartoon of the mortgage mess This was posted in Edge of the American West. […]
July 30, 2008 at 5:27 pm
eric
how many people engaged in this enterprise knew how shoddy the whole thing was
I’m guessing most of the borrowers had no idea, but most of the direct lenders—the one offering NINA loans to specific people—had an excellent idea. Then, I think the further up the chain you go, the more opportunity for blindness, willful or otherwise, there is.
September 10, 2008 at 7:42 am
SOTTL « by the wayside
[…] Posted on 10 September 2008 by andrew Sort of a combination of works like “The Subprime Primer” and educational films, the Mortgage Crisis Blues are just what you need to help you follow […]