America’s Houses of Cards

Story date: 2007-10-17 07:28:00
Added on: 2007-10-17 14:49:31

Turkish Weekly - Some, observing the crash of the sub-prime mortgage market, say, “Don’t worry ... Instead, easy money stimulated the economy by inducing households to refinance ... the loans onto others. (As economists would say, problems of asymmetric information ...


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