Here is a layman friendly version of how it happened. I don't know about the "artwork" itself, but the text part is pretty good though with some PG-13 language.
Why does the bank bother to lend money to the sub-prime borrowers to start with? This article provided another piece of the puzzle other than the economic incentive (i.e. earning interest rate). One more example of government's unintended consequences.
1 comment:
I liked that and BTW there are artists selling similar artwork for thousands of if not millions of devaluating US Dollars, so this artist is in good company.
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