Subprime Mortgages
What index or ETF tracks subprime mortgages?
ABX-HE-BBB-2006-02 Here's a list: http://www.markit.com/information/affiliations/abx
Bird and Fortune – Subprime Crisis
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Ten Trillion and Counting $1.99 … |
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60 Minutes – Prosecuting Wall Street $17.95 Airdate: 12/04/11 Two whistleblowers offer a rare window into the root causes of the subprime mortgage meltdown. In this two-part piece, Eileen Foster, a former senior executive at Countrywide Financial, and Richard Bowen, a former vice president at Citigroup, tell Steve Kroft the companies ignored their repeated warnings about defective, even fraudulent mortgages. The result, experts say, was a … |
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60 Minutes: Inside The Collapse (March 14, 2010) $17.95 Airdate: 3/14/10 If you had to pick someone to write the autopsy report on last year’s Wall Street financial collapse, you couldn’t do any better than best-selling author Michael Lewis. Lewis tells Steve Kroft how a handful of Wall Street outsiders realized that the subprime mortgage business was a house of cards . . . and made millions betting against it. This product is manufactured on demand… |
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Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon $15.26 The New York Times’s Pulitzer Prize-winning columnist reveals how the financial meltdown emerged from the toxic interplay of Washington, Wall Street, and corrupt mortgage lenders.In Reckless Endangerment, Gretchen Morgenson, the star business columnist of The New York Times, exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the action… |
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The Big Short: Inside the Doomsday Machine $9.98 Who saw the real estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles? Out of this handful of unlikely – really unlikely – heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, provi… |
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The Housing Boom and Bust $3.65 This is a plain-English explanation of how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The “creative” financing of home mortgages and the even more “creative” marketing of financial securities based on American mortgages to countries around the world, are part of the story of how a financial house of cards w… |