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One of the Best Explanations of the Financial Crisis Yet

Gunpowder Chronicle posted on November 3, 2008 9:25 PM | Rating: Article Rating | Views: 102

Paddy Hirsch, Sr. Editor of Marketplace, has put together a quick six-minute video that is one of the best explanations of the "pyramid" scheme that was the Collateralized Debt Obligations that were the backbone of the financial collapse of the sub-prime and Alt-A loan market.

 

Posted in: Economics, National Politics
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