Below is my first published article in ICFAI Reader [April 2009 issue] based on the much talked about financial crisis of 2008 which devoured many companies involving oldest banks of United States and left many others in beleaguered crux of survival efforts. The article also states the problematic Mortgage Backed Securities (MBS), and also the sequence of subprime fallout.
A very interesting to read article wherein I have tried to explain the crisis in easy words with greater detail.
Note: Contents may not be copied, published (physically or electronically) or emailed without the author’s written express permission.
Leave a comment with email address or contact me for getting a soft copy of the above article.
