Over the past several months the financial crises in America has
consumed lots of discussion. I have found few facts and a lot of long
pointed fingers. For my own references here are several articles
that attempt to explain some of the issues:
1. The Subprime Primer. This is a picture story in PowerPoint.
http://michaelperelman.files.wordpress.com/2008/02/presentation1.pps
2. This one is factual and a good read.
http://www.reason.com/news/show/129158.html
3. This one looks a bit deeper and points some fingers:
http://www.youtube.com/watch?v=1RZVw3no2A4
4. A paper authored by Steven D. Levitt (Freakonomics). Here Levitt says,
all the information in what is written here is from Doug Diamond and
Anil Kashyap:
http://freakonomics.blogs.nytimes.com/2008/09/18/diamond-and-kashyap-on-th
e-recent-financial-upheavals/
5. Formal paper written be real Economists:
Leveraged Losses: Lessons from the Mortgage Market Meltdown
David Greenlaw, Jan Hatzius, Anil K Kashyap, Hyun Song Shin
http://faculty.chicagogsb.edu/anil.kashyap/research/MPFReport-final.pdf
Ed.
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