Lots of Resources for Those Wanting to Catch Up with the Financial Crisis
Nov 16, 2008 in Financial Crisis
For an overview of the credit crisis timeline, see this wikipedia entry on the Subprime Crisis Impact Timeline.
The New York Times has a very nice overview of the financial crisis which it updates continously. There are also several links to related stories on their page on the Credit Crisis.
Portfolio Magazine has a highly informative and entertaining article “The End” by Michael Lewis, author of Liar’s Poker, Moneyball and others. In the article, Mr. Lewis describes his interviews with Meredith Whitney of Oppenheimer Funds to find out who saw the financial crisis coming, how they knew and what they did about it. He ends up interviewing Steve Eisman, who explains how the ratings agencies looked the other way when structurers were putting BBB and worse loans into CDOs that were eventually rated AAA, and comes face to face with his former CEO, John Gutfreund. Fascinating reading.
The website The Baseline Scenario, by Professor Simon Johnson who was formerly with the IMF, provides an introduction to the credit crisis, with links to a section on “Financial Crisis for Beginners”. His free seminar series at MIT Real Time Deep Dive into the Global Crisis as it Evolves is available from his page, or see it here
Michael Lewis’ books on amazon.com:
Liars Poker
MoneyBall: The Art of Winning an Unfair Game