Jacob Goldstein: How Two Guys in a Room Invented a New Kind of Money [Money market mutual fund]

How Two Guys in a Room Invented a New Kind of Money Here is the standard story of the 2008 financial crisis: Shady lenders gave ridiculous mortgages to unqualified buyers of overpriced houses.The ridiculous mortgages were then bundled together, sliced up, and sold off to investors.When housing prices started to fall, the unqualified buyers couldn’t …