NY Times "Can't grasp Credit Crisis? Join the Club

Parent Cafe
1

<p>Now I get it! A very good explanation of how subprime mortgage failures evolved into the current credit mess.
<a href=“http://www.nytimes.com/2008/03/19/business/19leonhardt.html?sq=david%20leonhardt&st=nyt&scp=2&pagewanted=print[/url]”>http://www.nytimes.com/2008/03/19/business/19leonhardt.html?sq=david%20leonhardt&st=nyt&scp=2&pagewanted=print&lt;/a&gt;&lt;/p&gt;

2

<p>Excellent explanation.</p>

3

<p>I thought it was well written and conveyed a well reasoned account of the situation. I emailed it to a dozen friends.</p>

4

<p>This article goes well with the first article…</p>

<p>[The</a> Great Unwind has started, avoid leverage, Citigroup says - MarketWatch](<a href=“The Great Unwind has begun, Citigroup warns - MarketWatch”>The Great Unwind has begun, Citigroup warns - MarketWatch)</p>

5

<p>^^^^ agreed</p>