It’s hard to open the paper these days without dreading what you’re going to read about the financial situation. Yesterday I heard Congressman Barney Frank tell us on NPR that an agreement was near; today I opened the paper to read that it had all fallen apart. Meanwhile, the taxpayers are left wondering why the government can think of coming up with $700,000,000,000 (yeah, it looks like more when you put in all the zeroes, doesn’t it?) to bail out greedy and moronic financial institutions and their CEOs, but it can’t help individuals who are losing their homes. If you want to read a serious and sober analysis, you could do worse than this summary from Common Cause: Ask Yourself Why…They Didn’t See This Coming.
That’ll get you bristling about the way Congress gets bought off by special interests. But a perhaps more entertaining look at the matter is found in a Powerpoint presentation called The Subprime Primer. (This came to me in an email, but when I did a search, I found it on a bunch of sites. This is just one.) If you click the link, it’ll ask to open a file in Powerpoint. My Avast! virus-scanner said it was okay.
It’s hilarious. And it’s also the most concise explanation you could ask for, of how this all happened.
For another funny take, go over to Woot! and read their description, ostensibly, of an iRobot Scooba that was up for sale yesterday. (You’ll have to scroll down. I didn’t write this in time to clue you in to the sale on the Scooba, but they keep their descriptions for a while in their blog. So zoom down the blog until you come to a Scooba.) It’s great fun.
These days, we need all the fun we can get. Right?