on the subprime situation:

www.nytimes.com/2008/03/19...nhardt.html

It gives a good global overview, fills in a lot of blanks. The writer didn't even get into the "declared income" minutae, but that's ok. It clears up some of the mystery on the collateralized securities and how they came to pass.
posted by:
St(br)ainless
San Diego

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