Making sense, after the gobbledegook of financial juggernauts…

In four steps, Paul Krugman presented his view of the current financial crisis: Foreclosures and defaults - a consequence of the burst housing bubble - caused a plunge in the prices of mortgage-backed securities i.e. those assets whose values are derived from mortgage payments Due to the above losses, numerous financial institutions experienced a drying … Continue reading Making sense, after the gobbledegook of financial juggernauts…