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Wharton finance professor Richard Herring explains what makes mortgage-backed securities unique and what role they played in the current subprime problem.
Study the dozen financial crises since 1970 in the context of the current subprime turmoil, and share your insights with clients. If your conversations show you can accurately explain the present in terms of the past, you'll build trust—and grow your business right through any crisis.
When it comes to the current mortgage crisis, you can't help but wonder why Greenspan is surprisedand whether property taxes will go down.
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