The Housing Bubble, Still Burst

With the summer drawing to an end, we figure it's time to update the three-part series we published in June on how the housing bubble grew and popped. The series, recalls reporter Zachary Goldfarb, examined excesses in mortgage lending, the exotic Wall Street securities that masked the real risks of the bubble and made the bust so crushing, and how the downturn touched the lives of ordinary Americans. The report... [read full story]