Thursday, March 5, 2009
A Little Background on the Mortgage Crisis
Today's New York Times featured an "op-ed graphic" showing the relationship between mortgage type, loan-to-value ratios, and default rates.
The PDF of the handout distributed in class is here.
The IMF report from which a few of the diagrams were taken is "Assessing Risks to Global Financial Security."
Other Easy to Digest Background
This American Life did a nice piece called "The Giant Pool of Money" last year. Alex Blumberg and Adam Davidson (the guys who did this program) have a daily podcast and blog, Planet Money, about each day's news on the financial crisis.
The Obama administration has a website called "FinancialStability.gov" but as of this writing it still has a bit of a "coming soon" quality.
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