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This page contains a single entry from the blog posted on May 16, 2008 3:20 PM.

The previous post in this blog was What do structured finance bankers do now?.

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How did subprime get so sub?

Following on from the songs already written in tribute to the world of structured finance, and all of the losses that have gone with it - both in terms of money and jobs - it appears that this industry continues to thrive in the more artistic endeavours. Perhaps this is prose and drawing, or maybe it's just sketching and doodling. Either way, have a look at the link that follows for a quick, down and dirty recreation of exactly how the subprime crisis emerged and how the response was so sensitively handled. We warn you that some of the language is a little tasty and perhaps not for the squeamish, but if you are fine with that, read on: See Subprime presentation (2.29MB, Powerpoint)

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