You might feel that the Wiki improves your understanding of the issue. There again you might not. The answer is to read The Big Short - Inside the Doomsday Machine by Michael Lewis - an excerpt is at Betting on the Blind Side albeit Mr Lewis does not finger Clinton. He does give us a fun read as well as enlightenment.
Subprime lending - Wikipedia, the free encyclopedia
QUOTE
Subprime lending (near-prime, non-prime, or second chance lending) is a financial term that was popularized by the media during the "credit crunch" of 2007
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Subprime mortgage crisis - Wikipedia, the free encyclopedia
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The subprime mortgage crisis is an ongoing financial crisis triggered by a dramatic rise in mortgage delinquencies and foreclosures in the United States,
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Updated on 09/09/2011 19:14