Tuesday, 8 January 2008

Anatomy of a financial crisis

How the Fed pumped up house prices and Wall St may destroy American capitalism. A commentary by Mark W Hendrickson in the Valley Morning Star originally linked by the WSJ.

Part One: rates.
Part Two: derivatives

also see this comedy duo on the same topic
http://www.goldmau.com/content/articles/2007-11-23/comic.php