Financial Voodoo PSA

[kaynorr]

Every time I see a really, really good and accessible summary of the mortgage crisis/debacle, I feel compelled to make a note of it and pass it along.  In this case, Brad DeLong linked to a Steven Pearlstein article this morning which nails it.  I haven't found anything yet for the bailout plan, although Brad again provides this blog post which is

Comments

[voxel]

One of the more graphically explanatory pieces I've seen on the whole debacle is available here: http://www.portfolio.com/interactive-features/2007/12/cdo . It explains CDOs in a much better way that helped me understand what was going on.