Originally posted on CNN

 

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As the real estate market came crashing down, widespread packaging of toxic mortgages into complex financial products, blessed by credit rating agencies, caused the crisis to spread to the larger economy.  Read More →

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George Gombossy asked for my thoughts on the new financial reform legislation. I have many, which I intend to share periodically going forward. But I think it’s important to place the legislation in the context of the big picture, which for me is framed by the numbers. The financial crisis was caused by the rise  Read More →

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Top representatives from Goldman Sachs maintained Tuesday that the company did not engage in any questionable business deals leading up to the financial crisis.  Read More →

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