A Basic Subprime History

The link below is an article from Forbes recopied from Investopedia. It is a basic primer on the subprime situation. Please ignore the use of the word "principle" when the author meant "principal". You may have to paste it into your browser.

http://www.forbes.com/2007/09/10/subprime-default-mortgage-pf-education-in_rb_0910investopedia_inl.html?partner=email