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How did boring old mortgages get us into so much trouble?

This is a Marketplace.org Reader

The New York Times was kind enough to post part of my new book, Man vs Markets on the Bucks Blog today.

The excerpt comes from a chapter in which I talk about the creation of asset-backed securities and their various toxic permutations. They entitled it The Boom and Bust That Your Mortgage Bonds Built. Very catchy!