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submitted by bbcrew
In Part 1, I asked why the mortgage mess happened, and why did it happen when it did. Part 2 explains the role of the Great Moderation and the mild housing cycle in the 2001 recession. Part 3 explains the role played by securitization of mortgages. Now I explain how the last recession set in place the triggers for the present mortgage mess. Let's remind ourselves of the strength of the housi

 
Topic:Money




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