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Articles:
4.25.08
Understanding the Turmoil in Financial Markets...
Even the most sophisticated institutional investors have been hit by the meltdown of the subprime lending market. Here’s a primer
on some of the hidden risks that triggered the problem after housing price declines rippled through an increasingly unregulated system.
The early mortgage market: A regulated depository institution such as a bank or savings and loan receives deposits from savers. It then
lends money to home buyers and records the loan as a debt.
  Read/download the entire article - PDF format.
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