Wall Street Journal columnist David Wessell offers this subprime reading list from his newspaper. The headline annotations are his.
The Best Story Written on the Individuals Affected by Subprime. Period.
"Debt Bomb: Inside The 'Subprime' Mortgage Debacle—Day of Reckoning—'Subprime' Aftermath: Losing the Family Home—Mortgages Bolstered Detroit's Middle Class—Until Money Ran Out
Wall Street Journal, May 30, 2007; 3294 words, by Mark Whitehouse,
This One Was Ahead of the Curve, Help Explained the Origins
"Lending Oversight: Regulators Scrutinized In Mortgage Meltdown --- States, Federal Agencies Clashed on Subprimes As Market Ballooned"
Wall Street Journal, March 22, 2007; 2707 words, by Greg Ip and Damian Paletta
How It Happened
"Debt Bomb: Inside the 'subprime' mortgage debacle—Seeds of Excess: How Credit Got So Easy And Why It's Tightening—Responses to S&L Mess, Asian Crisis, Tech Bust All Fed Into the Boom"
Wall Street Journal, Aug. 7, 2007; 3183 words, by Greg Ip and Jon E. Hilsenrath
The Instant Analysis of Fed Move
"Loosening Up: How a Panicky Day Led the Fed to Act—Freezing of Credit Drives Sudden Shift; Shoving to Make Trades"
Wall Street Journal, Aug. 20, 2007; 2976 words, by Randall Smith in New York, Carrick Mollenkamp in London, Joellen Perry in Frankfurt, and Greg Ip in Washington
The Big Picture
"The United States of Subprime—Data Show Bad Loans Permeate the Nation; Pain Could Last Years"
Wall Street Journal, Oct.11, 2007; 2421 words, by Rick Brooks and Constance Mitchell Ford
The Perps
"Mortgage Woes Take Toll on Lender With Roots in Faith— HomeBanc Built Network With Church Connections; Firings After Chapter 11"
Wall Street Journal, Aug.13, 2007; 1374 words, by Valerie Bauerlein
"Reversal of Fortune: No. 1 Company In Mortgages Faces Turbulence—Countrywide Bonds
Trade at Junk Level; Funding Is Still Ample"
Wall Street Journal, Aug. 11 2007; 1638 words, by James R. Hagerty and Serena Ng

press box