Monday, December 6, 2010

How the Mortgage Bubble Really Topped Out.

Part of the trillions in bad loans were the option ARMs(pick-a-pay) This nice FED produced map brings a lot of clarity via time series spread of complex mortgages shown in a recent Chicago Fed publication. Nothing like a good real estate crash to bring things to a halt CLICK IMAGE FOR LARGER VIEW:

Ben Bernanke 60 Minute Interview: Worth a View

Part 1

Part Duex