The Housing Meltdown Deconstructed
Listening to this week's This American Life right now and it's doing an amazing job giving a big picture view of how we ended up in the housing mess:
355: The Giant Pool of Money
Worth listening. (Probably can find a link here.)
Of course, even without this background, I knew we were in deep shit the day I saw this graphic in the New York Times:
That's all you needed to know and you could pick the year (if not the month or day), the wheels were going to come off. What still amazes me is the financial geniuses like those at Bear-Stearns that were still investing in toxic mortgage funds in 2007. 2007!
355: The Giant Pool of Money
Worth listening. (Probably can find a link here.)
Of course, even without this background, I knew we were in deep shit the day I saw this graphic in the New York Times:
That's all you needed to know and you could pick the year (if not the month or day), the wheels were going to come off. What still amazes me is the financial geniuses like those at Bear-Stearns that were still investing in toxic mortgage funds in 2007. 2007!
posted by Tom at
10:15 AM
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