Posts Tagged ‘debt’

The Crash: Risk and Regulation (Washington Post)

Thursday, October 16th, 2008

How did the most dynamic and sophisticated financial markets in the world come to the brink of collapse? The Washington Post examines how Wall Street innovation outpaced Washington regulation.

[Editor's note: All content republished from The Washington Post's 15 October 2008 edition.]

The Story

What Went Wrong?

How did the world’s markets come to the brink of collapse? Some say regulators failed. Others claim deregulation left them handcuffed. Who’s right? Both are. This is the story of how Washington never caught up to Wall Street.

Key Players in Market Regulation
Bio pictures and quotes.

The Graphics

Creating the Wave

Riding the Crest
Wall Street devised exotic securities to earn fees from the debt boom.

Click graphic to see full size version.

The Crash
Overburdened by debt, a relatively small percentage of homeowners began missing mortgage payments, creating a domino effect that sent losses throughout financial markets.

Click graphic to see full size version.

Graphics by Brenna Maloney, Jill Drew, Ellen Nakashima and Todd Lindeman – The Washington Post – October 15, 2008.

The Debt Trap (NY Times)

Monday, September 29th, 2008

The New York Times has a great collection of interactive graphics and other multimedia and articles explaining the background of the financial crisis. This package was put together before this last fortnight’s market tourmoil, but still a good read.

Topics include:

Home Equity Loans

Rise of Credit Spreads Worldwide Outside US

Debt Hitting Home Across Classes and Ages

Calculator to Determine Your Personal Debt Load and How it Compares with Average

View the Debt Trap at nytimes.com . . .