US Politics in Trump era Public date: 19.05.2020 20:05:49

27 Sep 2018

Two Myths of the 2008 Meltdown

The 2008 financial crisis was not the result only of moral hazard; nor was it unforeseeable. While too-big-to-fail banks believed – rightly, it turned out – that they would be bailed out, consumers, rating agencies, and policymakers all bet on housing as well, destabilizing the system.
The 2008 financial crisis was not the result only of moral hazard; nor was it unforeseeable. While too-big-to-fail banks...

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