Mortgage-Backed Securities Explained Simply

Mortgage-backed securities pool home loans and pass the payments to investors. See how pools, tranches and prepayment work, and where the risks lie.

Great Depression vs Great Recession: Causes and Effects

Great Depression vs Great Recession compared: causes, the depth and length of each downturn, policy responses and what governments learned from 1929.

What Caused the 2008 Financial Crisis? A Plain Explanation

What caused the 2008 financial crisis? A plain explanation of the housing bubble, risky mortgages, securitisation, leverage and the funding run.