02-08-2009, 02:25 PM
It's in the New Yorker, called "The Ponzi State." It offers quite a few examples of just plain crooked dealings in the mortgage-funded securities crash, and introduces us to a few of the winners and losers in the mortgage game. Spoiler: the State of Florida is not one of them.
http://www.newyorker.com/reporting/2009/...act_packer
Registration required; it's worth it. While you're there, read the magazines tribute to John Updike.
http://www.newyorker.com/reporting/2009/...act_packer
Registration required; it's worth it. While you're there, read the magazines tribute to John Updike.