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Swinging Bridge

Sway!

I haven't seem to discuss much about the latest Wall Street Crash and most of the readings available are rather sophisticated, offering little explanation on the idea of 'toxic' loans. The New Yorker's John Cassidy offers a wondeful piece of writing weaving the story of the crisis, game theoretical expanations on how it was rational for the banks and businesses to act the way they did during the period of the crisis as well as the problems in the discipline of Economics that contributed somewhat to the lack of anticipation for this big crash.

For those who seek to understand the current state of the economy and know more about the fields of Game Theory (the article includes a simple explanation of Prisoner's Dilemma) and the associated problems with finance, John Cassidy's article makes a good read.