From This Collection

Quantitative easing

Dec 22, 2008
Now the Federal Reserve has effectively cut the target lending rate to zero, it only has one more weapon in its arsenal. Quantitative easing. Senior Editor Paddy Hirsch explains what this "nuclear option" it is, and what the Fed hopes it'll do.
Whiteboard Quantitative easing

A look inside hedge funds

Dec 15, 2008
Hedge funds used to occupy a dark, undisturbed corner of the financial world, but over the last year they've been thrown under the spotlight. Still, many people don't know exactly what hedge funds are, or what hedging actually means. Senior Editor Paddy Hirsch explains.
Whiteboard Hedge funds

Leveraging and deleveraging

Dec 8, 2008
Leveraging -- or borrowing -- has been cited as one of the contributors to the financial crisis. Senior Editor Paddy Hirsch explains how the move to deleverage -- or reduce debt -- is prompting wild market swings and concerns about deflation
Whiteboard Deleveraging

How credit cards become asset-backed bonds

Nov 25, 2008
Mortgages aren't the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it.
Whiteboard Securitization

The credit crisis as Antarctic expedition

Oct 10, 2008
Marketplace Senior Editor Paddy Hirsch explains how banks have gotten frozen in their tracks, awaiting a rescue.
Whiteboard Antarctic

Untangling credit default swaps

Oct 8, 2008
When the analysts and experts talk about the current financial crisis, they often refer to "credit default swaps." So, what exactly is a credit default swap? Marketplace Senior Editor Paddy Hirsch goes to the whiteboard for this explanation.
Whiteboard Credit default swaps

Crisis explainer: Uncorking CDOs

Oct 3, 2008
Marketplace Senior Editor Paddy Hirsch gives a bubbly explanation of the intricacies of "collateralized debt obligations" -- those financial instruments that got us into this financial mess.
Whiteboard Uncorking CDOs

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