Sub-Prime Mortgage Derivatives

What are they?

A quick tutorial
Are you curious about what blew up the global financial system?

This is a pretty good explanation of what a sub-prime mortgage derivative is.

Three things that were left out of this explanation:

1. The reason sub-prime mortgage derivatives are so troublesome is many hundreds of billions of dollars are these instruments were created and sold.

2. They were sold as SAFE investments

3. Sub-prime mortgage derivatives are only part of the problem

This video was posted BEFORE July 4th in 2007. It's hard to believe that any financial professional can claim with a straight face to be surprised by the melt down in the fall of 2008.
http://www.brasschecktv.com/page/476.html