Sub-Prime Lending

You might feel that the Wiki improves your understanding of this bit of Financial Engineering. There again you might not. The answer is to read The Big Short - Inside the Doomsday Machine by Michael Lewis - an excerpt is at Betting on the Blind Side albeit Mr. Lewis does not finger Clinton - see Sub-Prime Lending And Clinton on that score. He does give us a fun read as well as enlightenment.

Subprime lending ex Wiki
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Subprime lending (near-prime, non-prime, or second chance lending) is a financial term that was popularized by the media during the "credit crunch" of 2007 
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Subprime Mortgage Crisis ex Wiki
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The subprime mortgage crisis is an ongoing financial crisis triggered by a dramatic rise in mortgage delinquencies and foreclosures in the United States, 
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Errors & omissions, broken links, cock ups, over-emphasis, malice [ real or imaginary ] or whatever; if you find any I am open to comment.
 
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Updated on 06/09/2013 01:00