A lot of people figure things out, but it takes a special talent or maybe personality to figure it our and do something about it. Previously, we heard about the man who wrote the software that blew up the economy. Now we find out whom that software was written. [more inside]
posted by JohnnyGunn on Mar 15, 2010 - 40 comments

My Manhattan Project: How I helped build the bomb that blew up Wall Street. [print version]
posted by blasdelf on Mar 30, 2009 - 34 comments

Jonathan Koppell and William Goetzmann on why Congress should let Wall Street hang for a bit and use the $700 billion to directly refinance homowners' bad mortgages. Fire away, mefites! [more inside]
posted by puckish on Oct 1, 2008 - 84 comments

Minsky Meltdown ahead? Named after Hyman Minsky, an economist who was known for his research concerning financial crises, specifically asset bubbles based on credit cycles. [much more inside]
posted by umop-apisdn on Aug 29, 2007 - 75 comments

What's the link between:
1) the quickly-growing number of American homeowners becoming unable to pay their mortgages after their ARM's reset (a trend nicknamed "ARMageddon" -- applicable in the UK too), which is translating into soaring foreclosure rates, and in turn forcing at least 60 US semi-shady mortgage brokers to go belly-up in the past year (i.e. the "subprime meltdown"), and...
2) the recent implosion and impending financial bailout -- which may become the biggest since the Long Term Capital Management fiasco of 1998 -- of two Bear Stearns hedge funds which dealt in mortgage securities? [more inside]
posted by Asparagirl on Jul 11, 2007 - 123 comments