If you don’t understand the subprime mess — no, I mean you really don’t understand the subprime mess, in layman’s terms, at least — then watch this video. It’s a faux interview featuring two British comedians, John Fortune and John Legend. Reminds me of the old Monty Python skits (“I’d like to buy an argument…”), though a tad more understated.
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.