cintrix, I don't know if this is the right place for this question or if you recommend another board. Though I trust your knowledge which is why I came here. Just a brief background of the situation here. So during the 2008 recession I was in high school with a couple mutual funds that I had since middle school, that a family friend broker managed for me. I remember the account plummeted and the broker telling me to hold on to it. I didn't know anything about the market then and forgot about it. Later a friend in Oct. of 2011 told me to roll over to a discount brokerage and learn investing on my own, I haven't looked back since. At the time I didn't realize how serious the recession was being in high school. High school never taught me anything about this period, so I remained in the dark.
Since I have been investing on my own, I realize that I have been in a bull market. I have been becoming increasingly interested in the 2008 recession because I believe I should learn from past history to strengthen my investing knowledge. I watched a couple documentaries of PBS Frontline Breaking The Bank and The Warning. These were both great documentaries that gave me a better insight of the recession. Though I still have some questions. I'm still not understanding the bigger picture…
What did credit defult swaps, mortgage backed securities and derivatives have in common during this time period? In addition I heard each of them being mentioned and wasn't sure what the root of 2008 recession was. Was the housing bubble the root of it?
I have many more questions, though if you have any trusted unbiased online resources or you're willing to get me up to speed, I'd greatly appreciate it.
Thanks, Gulley
