How did boring old mortgages get us into so much trouble?
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!
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?