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Friday, August 17, 2007 12:00 AM

Panic on Wall Street

You've heard about the home-loan bust, but do you know your derivatives from your tranches? Read Salon's easy guide to understanding the current market freakout.
By Andrew Leonard

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  • Thursday, August 16, 2007 07:10 PM

    It's not as if we didn't see this coming.

    Notice the date.

    MARKET WATCH; Mortgage Markets Are Out Of Control

    August 17, 2003, Sunday

    By GRETCHEN MORGENSON (NYT); Money and Business/Financial Desk

    Late Edition - Final, Section 3, Page 1, Column 1, 668 words

    http://select.nytimes.com/gst/abstract.html?res=F10F16FE3F540C748DDDA10894DB404482

    Greed is good. Except, of course, when it's not.

    I think these guys ought to be regulated. Just a thought.

    —walter_map Read walter_map's other letters

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