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General
My Books
25 – The Confiscation of American Prosperity: From Right-Wing Extremism and Economic Ideology to the Next Great Depression
30 – Manufacturing Discontent: The Trap of Individualism in Corporate Society
Class Warfare in the Information Age
Railroading Economics: The Creation of the Free Market Mythology
Steal This Idea: Intellectual Property Rights and the Corporate Confiscation of Creativity
The Invention of Capitalism: Classical Political Economy and the Secret History of Primitive Accumulation
The Perverse Economy: The Impact of Markets on People and the Environment
d
[...] powerpoint explanation of the sub-prime [...]
I think that pretty much sums it up.
Even the graphics are about right.
[...] Economics, The Invention of Capitalism, The Perverse Economy. He maintains his own blog, and here he gives a Powerpoint presentation explaining the mechanics of subprime. Even I learnt a thing or [...]
I think the lcearest explanation of the REAL CAUSE of the mortgage crisis can been found here:
Eric Harrington – The Private Sector Caused the Crash!
It was not just sub prime mortgages that caused this problem.. It was a greedy coalition of Mortgage banks, investment banks, and rating agencies.
That address for the piece I just mentioned is:
http://conspireality.tv/2008/10/17/eric-harrington-fannie-and-freddie-did-not-cause-the-housing-bubble/