Wednesday, September 24, 2008

Dear Main Street,

This is great summary of what is happening on Wall Street and why mainstreet is now footing the bill for these bailouts.

Dear Main Street,

Are you trying to make sense of what's happening here on
Wall Street?

Don't worry -- you aren't alone. A lot of people even here are
trying to figure that out. It isn't that complicated, but Wall Street is so full
of mumbo jumbo that it's easy to get confused -- or bored.

Say "collateralized mortgage obligation" a dozen times and see if you can stay awake

Link to the story

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