An explaination to the current financial crisis...in (almost) lay man's words...

A friend of mine sent the link to an article in the Hindu daily. If you want to know how and why all this financial crisis is happening, then do read this article. Its a well-written piece of writing.

Article - When the bubble burst...
Link - http://www.hindu.com/mag/2008/10/05/stories/2008100550010100.htm

A few take-aways from this article....

• I got a hang of whats happening and why all this financial crisis.
• I realized I don't even qualify as a "lay man" when it comes to financial jargons ...
• Investment Bankers are super jazz givers and Investment Banking is all about GAS (packaging and selling) ;-) This was in a lighter vein. I do respect them.