I was just forwarded this article by my financial adviser. At first I was hesitant to open. Much of what they send out is canned and just a CYA thing. However, this link proved to be dramatically different. It is not only insightful, but (believe it or not) gives a nice basic introduction to some of the things going on. While it gives you enough acronyms to choke on, it also tries to explain and categorize them. Not sure if I've been reading this stuff too much, but this seems to clearly walk you through many of the technical aspects of what is going on w/o requiring you to get a Ph.D in Economics.
I found the link to MIT on page 3 did not work, but was able to track down what I believe is the chapter he is referring you to (warning, THAT may require some post graduate study to stomach :).
So, without further adieu, please read and comment on the following:
John Mauldin's "The Panic of 2007!"
And another link to MIT referenced on page 3:
MIT - Chapter 20 - Introduction to Commercial Mortgage Backed Securities
Let me know if either link is broken. I thought that his article was a great read and really puts together what could actually be happening.
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