This article analyzes the causes of U.S. mortgage backed securities crisis, a crucial market in the financial panic of 2008. It shows that irrational behavior of investors is not infrequent, as evidenced by Ponzi schemes and bubbles. A comparison is made between traditional and new models of...

It is customary in the US for the WASP Notion (White Anglo Sax and Protestant) to be bound to the principles and ideals of what the North American nation shall be; Nevertheless, WASP Nation manifestations aren't the sole expression, for indigenous/native nations, such as those from Mexico, Africa,...