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subprime crisis

The Meaning of the Mortgage Meltdown

  • by Michael Kelley
Some of the toxic financial "instruments" are hopelessly complex. But the basis of the financial crisis is terribly simple: greed.

Are We Living in a '9/10' Economy?

  • by Darris McNeely
Global financial markets were rocked recently following rising defaults affecting mortgage-backed securities. What does this mean for the world’s money supply and confidence in Western financial institutions? Are we on the verge of a major upheaval in the world economy?