Email me at Mike Emery. All financial contributions are cheerfully accepted. If you want to keep it private, use my PGP Key. Home Page
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
QUOTE
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
UNQUOTE
Subprime Mortgage Crisis ex Wiki
QUOTE
The subprime mortgage crisis is an ongoing financial crisis triggered by a dramatic rise in mortgage delinquencies and foreclosures in the United States,
UNQUOTE
Errors & omissions, broken links,
cock ups, over-emphasis, malice [ real or imaginary ] or whatever; if
you find any I am open to comment.
Email
me at Mike Emery. All
financial contributions are cheerfully accepted. If you want to keep
it private, use my PGP Key. Home
Page
Updated on 06/09/2013 01:00