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Everyone knows what caused the Great Recession. Bad banks issued bad mortgages. Bad bankers over leveraged. Bad shadow banks evaded regulators. Bad rating companies over-rated securities. Bad regulators slept at the wheel. Bad households drove up house prices. Bad derivatives expanded. Bad traders overtraded. In sum, bad banks full […]
Click here to view original web page at The Big Con: Reassessing the ‘Great’ Recession and its ‘fix’