What do you really know about subprime derivatives?  You don’t have to be a mortgage guru or an economics expert to understand what’s happening in today’s market.  Found this clip on YouTube that makes this stuff pretty easy to understand.

And getting a loan is getting harder and harder with increasing credit requirements along with stiffer standards all around.  No more “creative financing.”  Here’s what’s going on in San Francisco, in many ways representative of the impeding situation nationwide.

What the heck – I know you’ve all probably seen this over and over by now, but it’s still fun to watch again.  So just for fun, here’s Jim Cramer’s meltdown rant – uncut.  Think he’s serious?