Reenita's Wisdom

Although we have been glued to the news these past few weeks, I am cognizant of the fact that the exact sequence of development with regard to the financial crisis is not a hundred percent clear to everyone.

In an effort to demystify the code, I recently put together a laypersons’ blogpost for Inspired Economist. Check it out to understand exactly how America went from mortgage to bailout:

From Mortgage to Bailout: How Did The Problem Arise?