Friday, May 04, 2007

For sale: Scenes from a morgage bubble (A very, very sad tale)

Part 1) The buyers: The Quams and the too-good-to-be-true mortgage, Part 2) The brokers: Would you get your mortgage from this man?, Part 3) The appraisers: Price estimates made to order... and for the final act: The investors: How to get rich trading "idiot" loans. A great overview of how we got into this housing mess from Money Magazine.

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