What is Subprime? Lets understand the Problem

Lets find out exactly what is this Current Global Financial Crisis made up of. Understand the Issue better, before even trying to come up with a Proposal or solution.

Sub Prime Lending : http://en.wikipedia.org/wiki/Subprime_lending

This can also be understood by this simple diagram: http://en.wikipedia.org/wiki/Image:Subprime_Crisis_Diagram_-_X1.png

Now that you (hmmm guess not ready yet.) ..understand the element...lets go deeper:

http://en.wikipedia.org/wiki/Subprime_mortgage_crisis

I am sure readers would have really spent some time on the last link. 

Now here is the situation. This is how our current Financial Crisis came into being....

Watch this small video before you understand this fully:

http://in.youtube.com/watch?v=cvG0gbvZ4tY

Now go to your nearest bookstore and Grab a copy of The Shock Doctrine by Naomi Klein. She is a Journalist. You can also download the Audio Book from: http://www.mininova.org/tor/1784586