Today I've received my regular research newsletter from NBER (National Bureau of Economic Research). Among the working papers I came accross a nice in-depth analysis of the subprime crisis, and the underlying products and system that can be blamed for the current crisis.
I have to warn all u keen and interested readers out there - the paper is a good 90 pages long :-P. Here it is:
http://papers.nber.org/papers/w14358 - The Panic of 2007 by Gary B. Gorton.
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