https://pjmedia.com/richardfernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 16:25:04 -0400<![CDATA[As described by the Institute of Chartered Accountants in Australia. If you&#8217;re still confused about what happened, it&#8217;s a good primer. Look for the chart and the narrative as it follows the mortgage from Mr. and Mrs. Jones to their local bank, and their local bank to an investment bank and upward. And what happened.  The chart is a keeper.]]>Sun, 12 Oct 2008 03:18:23 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2008/10/12/how-the-subprime-mortgage-collapse-happened-n186248