If you find yourself asking that question, as many of us do these days, or if these terms sound like German to you:
- Subprime Mortgages
- Collateralized Debt Obligations
- Frozen Credit Markets
- Credit Default Swaps
this video may help shed some light on things:
And here’s part 2:
Now, while I personally believe the problems began before 9/11, this is still a pretty good explanation of how we got to where we are now.