Planet Money: How Wall Street Made The Mortgage Crisis Worse
Its hard to find an exact date to mark the anniversary of the start of the financial crisis but today is perhaps as good as any.
It was three years ago, on August 27th, that the National Association of Realtors announced a major drop in existing home sales. That sent stock prices falling and you know the rest…
Planet Money on why the crisis got so bad:
We believe we can show that some Wall Street bankers had evidence, a year or two before the financial crisis hit, that there were serious problems with subprime mortgage investments.
