Can't grasp the credit crisis
... don't worry, no one else can either. Whether it's CDO's, derivatives or anything else, it's hard for most people, myself included, to understand.
But to the rescue with an explanation in plain english is the NY Times. Read Dave Leonhardt, Can't Grasp Credit Crisis? Join the Club.
Hat tip to my friend, the Phoenix Real Estate Guy, Jay Thompson, who just received a paltry offer of $2,000 to buy the name of his blog. Jay's worth a heck of a lot more. When you get a chance, read Jay Thompson.