5 posts tagged with financialmeltdown.
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Multiply this by HOW MANY mortgages out there?

Dan Ekstrom is a guy who is in the right place at the right time. His profession? He performs securitization audits (Reverse Engineering and Failure Analysis) for a company called DTC-Systems. The typical audit includes numerous diagrams... The following flow chart reverse engineers the mortgage on the Ekstrom family residence. It took Dan over one year to take it this far and it clearly demonstrates what happens when there are too many lawyers being manufactured.
posted by Pirate-Bartender-Zombie-Monkey on Nov 16, 2010 - 46 comments

Inside Job

Charles Ferguson's cogent & enraging presentation of the financial meltdown may be best viewed in a theatre that serves beer. (YMMV) So if the financial system crisis in the last 3 years or so has you scratching your head, there are helpful diagrams on the website, & surprisingly equal party blameworthy interviews in the film. There are also helpful pdf's and good guy/bad guy lists for teaching about it. And once you leave the theatre, there's a place to read & talk about the film, and there's even a place with a list of what you can do. (Which is also open to suggestions for more things you can do.) An interview with film director Charles Ferguson from Oct 1, 2010 on NPR. Previously-ish.
posted by yoga on Nov 13, 2010 - 11 comments

Reasons to be fearful

Have we ever been more emotionally volatile, more in thrall to our sensations than now? We had become used to viewing all our neuroses as crises; now a genuine crisis was upon us, it was a cataclysm. Atheist or believer, we have in the last decade been primed for an end-time of sorts, with a stock of latent fears ready and waiting. Suddenly, all of those fears had an outlet.
Tim Adams contemplates the new Age of Anxiety.
posted by Sonny Jim on Jan 4, 2009 - 28 comments

"...market fundamentalism for the last 25 or so years. And now that world is collapsing... "

Bill Moyers interviews George Soros on the financial crisis. Soros discusses market fundamentalism and the causes of the current crisis, as well as what can be done, and how this meltdown will change the global economy. (via The Big Picture) [more inside]
posted by [expletive deleted] on Oct 11, 2008 - 44 comments

Interview with a Hedge Fund Manager

n+1: Is this your actual office? It’s so small.
HFM: Yes. I don’t actually spend much time in here, I have a desk out on the trading floor so this is just for, you know, meetings or phone calls I can’t take out of the desk, or interviews with literary magazines that I do every Wednesday at 4pm. [more inside]
posted by 235w103 on Apr 8, 2008 - 19 comments

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