Sub-Prime Mortgage, The Simple Explanation

February 17, 2011 § Leave a comment

It was 2008, I was resting at one hotel in Kupang, NTT (eastern part of Indonesia), while watching the international news about economic crisis in US. It was seemed very chaotic but I’m not quite sure and really not put much interest to it. But then as more news coming, it got more serious.

For anyone still looking for simple explanation of what Sub-Prime Mortgage that puts an end to several legendary companies in the US and bring down the economic of US. Click video below: Crisis of Credit by Jonathan Jarvis.

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