Crisis Analysis
A deep dive into the factors contributing to the financial crisis reveals a surprising emphasis on the Community Reinvestment Act and government-sponsored enterprises like Fannie Mae and Freddie Mac. However, the discussion highlights the significant role of large private investment banks and the moral hazard problem, suggesting that the housing market was merely a symptom of broader systemic issues. The conversation challenges conventional narratives, urging listeners to reconsider the complexities of the crisis.In this clip
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EconTalk
Charles Calomiris and Stephen Haber on Fragile by Design
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