2008 Financial Crisis – Causes and historical context
Tom Spencer
NOVEMBER 17, 2018
Many an economics and finance course later, I see that the layers of complexities to the 2008 financial crisis are innumerable. Once the housing market began to collapse, mortgages defaulted, and MBS began to fail. Essentially the haircuts applied to the value of CDOs was driven by information asymmetry. It all seemed so clear.
Let's personalize your content