Some good takes on the baking catastrophe


Although they were posted nearly a year ago, they are just getting more and more relevant.

Welcome Bird and Fortune – SubPrime Crisis:

And – Bird and Fortune – Financial adviser:

Both are great. And, unfortunately, very true.

If you want a mathematician’s take on these matters, better look at Mark’s blog:
Mortgage basics 1
Mortgage basics 2
How disaster came about

I hope I will have time to add a bit myself in the near future.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s