Booyah Breakdown: Subprime Time

Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. -- Lord Polonius, in Shakespeare's Hamlet.

Homeownership is close to 70% these days. You can thank historically low interest rates and the president's push to have every American own a home. But that ownership translates into more than $9 trillion in outstanding mortgage debt these days.

Of that amount, about 20% is in subprime loans. And unless you've been under a rock, you've heard about the looming explosion of the subprime market. ...