My friend Dave (G’Day!) from Australia, forwarded me a powerpoint presentation last night and thought it explained the subprime situation quite nicely. Its Friday and after whats been a long week, I thought it would be fun to share. I have a soft spot for stick people art work since I’ve never taken any art classes.

A language warning for the faint of heart

It’s a childish, silly, crude and vulgar (in other words, credible) slide show on how the credit market problems came to a head within the housing market. Get past the art work and language and its actually pretty good.

Click here for a larger version.

UPDATE: I have always HATED powerpoint as a presentation medium and avoid it whenever possible because it forces expression into a linear format. I am about as non-linear as it gets. For more thoughts on the subject, check out Edward Tufte’s Cognitive Style of Powerpoint: Pitching Out Corrupts Within.