Why Did the Mortgage Crisis Happen, Part 4

By admin | May 11, 2008
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Submitted by Businomics Blog

In Part 1, I asked why the mortgage mess happened, and why did it happen when it did.

Part 2 explains the role of the Great Moderation and the mild housing cycle in the 2001 recession.

Part 3 explains the role played by securitization of mortgages.

Now I explain how the last recession set in place the triggers for the present mortgage mess.

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