de Soto on the credit crunch

Another interesting article explaining the credit crunch, this time by the eminent economist Hernando de Soto. De Soto spends a lot of time examining the importance of private property rights and how the lack on them prevents poor people improving their lives. This time though he's looking at how some rich people, namely the bankers, lost track of their property by securitising it and how this contributed to the global meltdown.