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She is both knowledgeable and accessible when she explains the destructive credit-swap and subprime mortgage games that created the financial crisis.
Because the Fed is buying up Fannie and Freddie's paper, and government-owned Fannie and Freddie are now just about the only mortgage games remaining in play.
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YEARS before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game.
For the moment, the risky mortgage game isn't hurting bank profits.
Once the establishment started to turn against subprime mortgages, the game was up.
The government-backed mortgage titan played games accounting for its derivatives.
Re "A Reality Check on Mortgage Modification" (Fair Game, April 26), in which Gretchen Morgenson described dangers of loan-modification legislation now in Congress: Legislation to indemnify mortgage servicers is not the answer.
Nintendo's Animal Crossing is another - my five-year-old learned almost everything he ever needs to know about long-term debt by figuring out how to pay off his home mortgage in the game".
Today, Fannie and Freddie are about the only games in mortgage town.
With that in mind, we searched for battered gems in the worst-performing industry groups, including (in order, starting with the worst) surety and title insurance, mortgage investment, toys and games, semiconductor memory chips, jewelry stores, credit services, hotel/motel real estate investment trust, networking and communication, and office supplies.
Their importance was dwarfed by a handful of other markets, including credit default swaps, that had barely been on most investors' radar before the storm broke, not to mention the dreaded mortgage-backed securities game.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com