We believe that everyone should be able to understand how the financial crisis came about, what it means for all of us, and what our options are for getting out of it. Unfortunately, the vast majority of all writing about the crisis - including this blog - assumes some familiarity with the world of mortgage-backed securities, collateralized debt obligations, credit default swaps, and so on. You’ve probably heard dozens of journalists use these terms without explaining what they mean. If you’re confused, this page is for you. Over time, we will be adding more explanations and more links to external sources, so check back for updates. (Some of the explanations on this page are simplified and not 100% accurate; their goal is to explain the key concepts to a general audience.)
Read more @ The Baseline Scenario
h/t Sis
1 comment:
Very nice, it does explain a lot, plus it was really easy to understand. I'll recommend it to my friends who are still confused about some of the terms. Loved the article about Sweden, very interesting.
Take care, Elli
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