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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 07:35 PM

    Great article

    I'm finally beginning to understand this. I hope the previous letter writer is correct in asserting this is just a summer issue. However, I wonder, too, where credit card debt will fall in here. And what role does our trade deficit play? How many of these investors (who own our mortgages, etc.) foreign? I know far less than I wish.

    Thanks for the terrific piece, even if it doesn't necessarily bring peace of mind.

    —LBS Read LBS's other letters

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