Subprime Mortgage Industry: Black Swan or Stupid is as Stupid Does?
Since the advent of securitization as a widely available financing tool to finance mortgages, the industry that was created around it has experienced a wild boom and bust cycle. The boom of the early to mid 1990s was followed by a miserable bust, just as the dot com industry was beginning to overheat, in the late […]
Written by randomfool on March 5th, 2007 with no comments.
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