Math of Subprime Mortgage Default
Mar 24th, 2009 | By Whiskey Contributor | Category: Emerging Markets, Energy, Featured, Housing, Macro Economics
This article tentatively accepts the proposition that the default of sub prime mortgages and the subsequent decline of housing prices have been the cause of critical problems in the banking system and collapse of credit markets world wide.
Letís do some housing math. Last fall there were about one million delinquent ...read more
