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Credit crunch: Oh what a wicked web we weave…

Do you find aspects of the credit crunch confusing? Fear not, all will be explained by US law firm Patton Boggs. In a recent presentation in London hosted by the European Securitization Forum, US attorney Talcott J Franklin from the Washington DC-based law firm was charged with explaining the implications for European market participants of the explosion in US sub-prime litigation.

This he did with the help of visual aids such as the one below. In the unlikely event that anything is not quite clear, the US legal profession is, as ever, standing by to take your call.