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.


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