To prevent an economic disaster in 2008, world states spent 2,000 billion dollars to save a number of banks from bankruptcy. How did the bankers’ problem turn into OUR problem?
Today we will examine an idea that provokes fights between economists and City-types – and which can help you make money (or, at least, lose less). We'll come back to your savings; first let's cover the theoreticians' fisticuffs.
How to explain the subprime mortgage crisis in a few minutes? This beautiful animation, "The Crisis of Credit Visualized", transforms this complex situation into a short and simple story...
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