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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Low Road Capitalism, Mortgage Bonds and Slavery

For those who haven't read it already, this is a great article that helps explain why our financial/economic system is the way it is today. It's worth reading for the connection to mortgage-backed bonds alone:


  • +1 This is the second time I have read this, and the greed/horror is just as visceral as in my first reading. Glad to see that the project creator Nikole Hannah-Jones received tenure at Howard University and brought along $20 million in funding after UNC jerked her around !
  • This is a great article, almost hard to stomach.
  • Agree...
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