VIEW: America’s houses of cards —Joseph Stiglitz
Story date: 2007-10-09 02:18:00
Added on: 2007-10-09 15:24:29
Daily Times - 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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