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Crisis 2008

Economic Crisis of 2008
Economic Crisis of 2008
Collection of links and documensts on the crisis of 2008
Mortgage Debacle: How bad is it?
Issue 43, October 28, 2007
Economic Situation Manageable
Issue 47, November 25, 2007
Mortgage Debacle in USA
Mortgage Debacle
Soros Says CDS are Destructive, Should be Outlawed
Credit default swaps are "instruments of destruction" that should be outlawed, billionaire investor George Soros said on Friday. Soros said the asymmetry of risk and reward embedded in CDS exerted so much downward pressure on the bonds underlying the contracts that companies and financial institutions could be brought to their knees.
How Did Economists Get It So Wrong?
It’s hard to believe now, but not long ago economists were congratulating themselves over the success of their field. Those successes — or so they believed — were both theoretical and practical, leading to a golden era for the profession.
LEVERAGE AND DEBT: THE IMPACT OF TODAY’S CHOICES ON TOMORROW
Thomas M. Hoenig President Federal Reserve Bank of Kansas City
Wall Street's Naked Swindle
A scheme to flood the market with counterfeit stocks helped kill Bear Stearns and Lehman Brothers — and the feds have yet to bust the culprits
Shares markets gripped by Dubai debt uncertainty
Worries over Dubai's debt problems have rattled Europe's share markets for a second day running.
Harvard Swaps Are So Toxic Even Summers Won’t Explain (Update3)
Anne Phillips Ogilby, a bond attorney at one of Boston’s oldest law firms, on Oct. 31 last year relayed an urgent message from Harvard University, her client and alma mater, to the head of a Massachusetts state agency that sells bonds. The oldest and richest academic institution in America needed help getting a loan right away.
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