NJIT Professor Michael Ehrlich explains the role of subprime mortgages in the financial collapse of 2008. (quoted from the text with the video)

Ehrlich explains how sub-prime mortgages came about, how they amplified the housing bubble and then how those mortgages contributed to the meltdown on Wall Street.

James Pilant

Here’s another one –  Where do Bubbles and Financial Market Failures Come From?