Understanding Subprime

In all the confusion, smeone has simplified subprime. Visit Buy My Shit Pile - where you can uplod your assets in the hopes the US Government will buy the from you.  Everyone is invited to upload photos and descriptions. And to help you uderstand the economic mess, here’s their insight:

And remember, when estimating the value of your 1997 limited edition Hanson single CD “MMMbop”, it’s not what you can sell these items for that matters, it’s what you think they are worth. The fact that you think they are worth more than anyone will buy them for is what makes them bad assets. (Source: www.BuyMyShitPile.com)

What do you thinkI could get fo a lightly-used CEO? Business Week profiled Dick Fuld in their “Personal Best” section and said he’s easy to reach:

“If I need Dick Fuld on something, I can usually get him in five minutes,” says one staffer. (Source: Business Week

Any offers for Dick?

Dick Fuld,CEO, Lehman Brothers

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