Cartoon Of The Day_ Bad _ Bad _ Good

I have a few videos that go really well with today’s cartoon. If you are familiar with CDOs, CDSs, CMOs, and other exotic financial instruments, you’ll love today’s cartoon. If, however, you don’t have a clue as to what those acronyms mean, then I have a couple of videos for you to view. After you view the videos, take a look at the cartoon again. Hat tip: Bob Wang. (Click cartoon to enlarge.)After you’ve watched the 60 Minutes video, do yourself a favor and check out PBS’s take on the situation. Together, these two videos give you much of what you need to understand these financial instruments.