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From the Subprime Crisis to the Great Recession (2006-2009) |
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xii | |
Preface |
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xvii | |
Acknowledgments |
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xix | |
Introduction |
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xxi | |
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Photographs follow page 622 |
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Part III The Growth of the Mortgage Market |
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375 | (96) |
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377 | (35) |
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Government-Sponsored Enterprises |
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377 | (1) |
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377 | (2) |
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379 | (2) |
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Collateralized Mortgage Obligations |
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381 | (1) |
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382 | (1) |
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382 | (2) |
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384 | (1) |
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Asset-Backed Commercial Paper |
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385 | (1) |
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386 | (5) |
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391 | (1) |
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391 | (1) |
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Consumer Protection Legislation |
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392 | (1) |
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Predatory Lending Practices |
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393 | (3) |
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396 | (3) |
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Fannie Mae and Freddie Mac |
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399 | (3) |
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Collateralized Debt Obligations |
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402 | (1) |
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403 | (3) |
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406 | (1) |
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407 | (1) |
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408 | (4) |
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412 | (59) |
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412 | (1) |
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412 | (1) |
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The Stock Market Crash of 1929 |
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413 | (1) |
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414 | (1) |
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The Stock Market Crash of 1987 |
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415 | (1) |
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416 | (2) |
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Run-Up to the Real Estate Bubble |
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418 | (1) |
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Breaking the Dot. Com Bubble |
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418 | (1) |
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419 | (4) |
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More Interest Rate Increases |
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423 | (2) |
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425 | (1) |
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425 | (1) |
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426 | (1) |
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427 | (1) |
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428 | (1) |
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429 | (1) |
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429 | (1) |
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430 | (1) |
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431 | (1) |
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431 | (1) |
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432 | (1) |
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433 | (1) |
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434 | (3) |
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Bear Stearns--The Struggle Begins |
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437 | (3) |
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The Credit Crunch and Private Equity |
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440 | (4) |
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444 | (4) |
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448 | (1) |
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449 | (2) |
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Subprime Problems Travel Abroad |
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451 | (2) |
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453 | (4) |
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457 | (2) |
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Money Market Fund Problems |
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459 | (1) |
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Asset-Backed Commercial Paper (ABCP) Problems |
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460 | (1) |
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461 | (2) |
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463 | (1) |
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464 | (3) |
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467 | (1) |
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468 | (3) |
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Part IV The Subprime Crisis |
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471 | (152) |
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473 | (51) |
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473 | (1) |
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473 | (2) |
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475 | (1) |
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476 | (4) |
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480 | (1) |
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480 | (2) |
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482 | (3) |
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485 | (1) |
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Auction Rate Security Market |
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486 | (4) |
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490 | (5) |
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495 | (4) |
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499 | (4) |
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503 | (1) |
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504 | (1) |
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Economic Turmoil Continues |
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504 | (3) |
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Financial Services Results |
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507 | (1) |
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508 | (1) |
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509 | (1) |
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510 | (2) |
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512 | (2) |
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514 | (2) |
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516 | (1) |
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Federal Housing Administration |
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517 | (2) |
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519 | (1) |
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Fannie Mae and Freddie Mac Are Nationalized |
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520 | (4) |
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12 The Great Panic Begins |
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524 | (48) |
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524 | (1) |
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524 | (7) |
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531 | (3) |
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534 | (12) |
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546 | (1) |
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546 | (8) |
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The Crisis at Morgan Stanley |
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554 | (3) |
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557 | (1) |
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558 | (3) |
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561 | (1) |
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561 | (1) |
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562 | (3) |
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Troubled Asset Relief Program (TARP) |
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565 | (1) |
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565 | (1) |
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566 | (1) |
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567 | (1) |
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567 | (3) |
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570 | (1) |
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570 | (2) |
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572 | (51) |
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572 | (1) |
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572 | (5) |
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577 | (2) |
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579 | (4) |
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583 | (1) |
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584 | (1) |
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584 | (2) |
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586 | (1) |
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587 | (6) |
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593 | (2) |
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595 | (2) |
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597 | (3) |
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600 | (1) |
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600 | (1) |
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601 | (2) |
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The Motor City Bailout Begins |
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603 | (5) |
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The Madoff Fraud and Other Problems |
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608 | (1) |
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608 | (1) |
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609 | (4) |
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613 | (2) |
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615 | (1) |
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The Economy Continues to Struggle |
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615 | (3) |
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618 | (5) |
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623 | (144) |
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14 The Rise and Fall of the Subprime Crisis |
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625 | (71) |
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625 | (1) |
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625 | (2) |
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627 | (1) |
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627 | (2) |
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Regulatory Proposals and Stimulus |
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629 | (1) |
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630 | (2) |
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Conditions Remain Uncertain |
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632 | (4) |
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636 | (1) |
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636 | (2) |
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638 | (2) |
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The Controversy Continues |
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640 | (4) |
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644 | (2) |
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646 | (1) |
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646 | (2) |
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648 | (1) |
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649 | (2) |
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651 | (1) |
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652 | (3) |
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655 | (1) |
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The Second Quarter Begins |
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655 | (1) |
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656 | (2) |
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658 | (2) |
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660 | (2) |
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662 | (5) |
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667 | (1) |
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667 | (2) |
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669 | (6) |
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675 | (9) |
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684 | (4) |
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Recovery Is Slow and Uncertain |
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688 | (8) |
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15 Regulation, Reform, and the Subprime Crisis |
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696 | (71) |
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What Caused the Subprime Crisis? |
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696 | (1) |
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Subprime Affirmative Action |
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697 | (1) |
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698 | (2) |
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700 | (1) |
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Safety and Soundness Concerns |
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700 | (1) |
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Freddie Mac and Fannie Mae Quotas |
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701 | (2) |
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703 | (1) |
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704 | (1) |
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705 | (1) |
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706 | (1) |
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707 | (1) |
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708 | (2) |
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"Helicopter Ben" and "Hank the Bazooka" |
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710 | (1) |
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711 | (3) |
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714 | (1) |
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715 | (1) |
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716 | (4) |
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720 | (1) |
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721 | (2) |
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Appraisal of Income-Producing Property |
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723 | (1) |
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724 | (1) |
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725 | (1) |
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Financial Literacy of Regulators |
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725 | (3) |
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728 | (1) |
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728 | (1) |
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Subprime Crisis Regulation Proposals |
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729 | (1) |
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730 | (1) |
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The SEC and the Goldman Sachs Case |
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731 | (5) |
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Dodd-Frank Wall Street Reform and Consumer Protection Act |
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736 | (4) |
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740 | (1) |
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The SEC, CFTC, and Derivatives |
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741 | (6) |
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747 | (1) |
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The Ratings Agencies--Shoot the Messenger |
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748 | (7) |
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755 | (1) |
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Consumer Financial Protection Bureau |
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756 | (2) |
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Compensation Issues Again |
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758 | (3) |
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761 | (1) |
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762 | (1) |
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The Financial Services Authority |
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762 | (2) |
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764 | (3) |
Conclusion |
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767 | (2) |
Notes |
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769 | (8) |
Selected Bibliography |
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777 | (8) |
Cumulative Name Index |
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785 | (30) |
Cumulative Subject Index |
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815 | (11) |
About the Author |
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826 | |