New Century: A Domino Falls
Lecture no. 91 from the course: Crashes and Crises: Lessons from a History of Financial Disasters
Taught by Professor Connel Fullenkamp | 15 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Follow the story of subprime lender New Century, whose failure in 2007 caught the attention of credit raters and became one of the first indicators of a large-scale problem with subprime mortgage-backed securities.