1.0 link 144376 http://www.huffingtonpost.com/graciela-chichilnisky/its-the-mortgages-how-to_b_144376.html An extremely important fact has been absent from the analysis of the financial crisis and is jeopardizing the opportunity to resolve it effectively. The astonishing scope and spread of the crisis is due to a snowballing effect that amplifies defaults on mortgages from 33 to 100 times the value of the assets at stake, magnifying and spreading them into defaults and bankruptcies across the entire world financial system. Therefore, to resolve the financial crisis one has to stop the defaults...

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