The sub-prime crisis in US has been the buzz word in media from past few months. Lot of my friends started asking what this is all about and here is the simplified version of the entire episode.
First thing you have to do is, forget about the terminology used in many news articles which will only [...]
Filed under: Finance | Tagged: Asset Backed Securities, Bear Stearns, CDOs, defaulting, ICICI, J P Morgan Chase, mortgage, sub-prime crisis, UBS, US crisis | 4 Comments »
