Everyone knows what caused the immense housing debt bubble to inflate and then nearly collapse the entire financial system in 2008: artificially low interest rates, the perceived view that home prices couldn't go down (discounting of risk) and lax underwriting standards.
Everyone knows what caused the immense housing debt bubble to inflate and then nearly collapse the entire financial system in 2008: artificially low interest rates, the perceived view that home prices couldn't go down (discounting of risk) and lax underwriting standards.
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