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How did boring old mortgages get us into so much trouble?

Paddy Hirsch Oct 5, 2012

The New York Times was kind enough to post part of my new book, Man vs Markets on the Bucks Blog today.

The excerpt comes from a chapter in which I talk about the creation of asset-backed securities and their various toxic permutations. They entitled it The Boom and Bust That Your Mortgage Bonds Built. Very catchy!

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