The explosion of a mortgage-backed security in stick figures

If you haven't seen this yet then you probably don't work on Wall Street or in a large mortgage shop where it's been forwarded a dozen-hundred times.  We've had songs, top 10 lists, videos, and now add to it the Subprime Primer slide show.  Full of F-bombs (you've been warned) it takes us through an origination of a subprime no-doc mortgage all the way through to the Norwegian village that is now losing money on its investment. It's pretty funny, and worth watching if it's a slow holiday Monday for you.  It may not be safe for work due to the language used.  — Morgan Hat tips to two different Blown Mortgage readers and the Inman blog guys for pointing the way.