Wiki

I just created a wiki on wikispaces, the adress is :

http://ienac-subprime.pbwiki.com

I think we should mainly fill it with the word list we are asked to do.

Here is an interesting video

Have you seen this video?

Joseph Stiglitz on the Fall of Lehman Brothers

Subprime for dummies

Here is a funny and easy-to-understand slideshow on what the subprimes loans are. Enjoy !

http://docs.google.com/TeamPresent?revision=_latest&fs=true&docID=ddv7hj34_03774hsc7&skipauth=true

I made you a short summary if you are too lazy to read it :
1) Mortgage brokers lended money to people who really couldn't afford it (unstable job, no downpayment), based on the expected eternal growth of the US housing market;
2) The banks (which are not the mortgage brokers), know these loans are shitty, so they sell them to the "smart guys" in NY for them to solve the problem;
3) To be continued ...


And here is a map showing where such loans were most prevalent :

http://www.nytimes.com/interactive/2007/11/03/weekinreview/20071103_SUBPRIME_GRAPHIC.html#

Lancement du blog.

Voilà les lectures intéressantes de cette semaine :

http://en.wikipedia.org/wiki/Subprime_mortgage_crisis
http://news.bbc.co.uk/2/hi/business/7073131.stm
Le Monde Economie du Mardi 16 Septembre et notamment l'analyse de Paul Seabright, chercheur de l'école d'économie de Toulouse.