Still not sure what subprime is all about? The subprime mortgage crisis sparked a global meltdown that we're still digging out of.
Most recognize that subprime loans were a bad idea, but they may not understand exactly why - or why the loans were made in the first place.
Paddy Hirsch uses images to explain the concept to visual learners. Sometimes a picture is worth a thousand words. He compares borrowers to cuts of meat, and if you go with it the analogy makes sense. Subprime borrowers have less-than-prime:
You'll also see what a subprime loan is like and why they exist. See the Marketplace Whiteboard to learn more.
Further reading:
Comments
No comments yet. Leave a Comment