A Weblog of Centrist Voices in American Politics
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A Weblog of Centrist Voices in American Politics | |
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February 28, 2008Subprime primerI currently spend many hours per day working on matters related to the subprime mess. I have sat through countless mind-numbing presentations regarding how and why this mess developed. By far the best explanation I have found is here. It will take you 3 minutes to go through, you will laugh your butt off, and you will be genuinely better informed when you are done. So go; you will not regret it. (Warning: Some rough language.) Posted by Todd Pearson at February 28, 2008 04:20 PMComments
So what happened with the insurers, did they just go belly up and tell the policyholders they were SOL? Posted by: kritter at February 28, 2008 06:45 PMOld "news" bounced around the e-mail circuit last week.....and, I must say, not worthy of normal Centerfield enlightenment. Posted by: Dick Hanson at February 28, 2008 10:32 PMBrian: I'm not an expert on the bond insurance side, but see here. I'm not saying that the stick-man production is unchallengeable, only that it is insightful in many ways. Dick: I refuse to take the bait. Posted by: Todd Pearson at February 28, 2008 10:54 PMI can explain it all using two words. First came "greed". Now "fear" kicks in. Posted by: Dave at March 6, 2008 02:26 PM |
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