Browsing All posts tagged under »Subprime mortgage crisis«

Finally, finally…a free and intelligent explanation of the credit crisis

January 20, 2009

0 Research & Ideas Risky Business with Structured Finance Published: January 20, 2009 Author: Julia Hann Full-text PDF of the working paper here. An excerpt: Yet the paper presents a modeling exercise (using the same computer tools employed by the ratings agencies) that demonstrates that the challenge of rating structured products lies in their extreme […]

In the light of the recent “credit crunch…”

April 14, 2008


…the following article (from the Harvard Business School’s “Working Knowledge” series) seems particularly revealed. Consumers who are credit-impaired spend more and faster, and they’re basically spending it on things like food and gas, not flat-screen TVs and Nintendo Wiis. Photo by Michael Surtees. Cole et al studied 1,543,553 individuals who had taxes prepared at H&R […]