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Old 11-12-2011, 02:59 PM
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Default American economy and 2008 sub-prime mortgage...

...crisis? what are the market and organizational changes in the American economy over the last three decades?and how do these changes help to explain the sub-prime mortgage crisis in 2008?
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Old 11-13-2011, 04:32 AM
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In a nutshell, the government gave itself the power to insure mortgages which led to malinvestment and a real estate bubble due to artificially low interest rates. All bubbles pop. It popped.
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