What Caused the Great Recession? The Main Explanations
The NBER dates its low point to June 2009 after 18 months.
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1.When did the Great Recession start and reach its low point, per the NBER?
The NBER dates its low point to June 2009 after 18 months.
2.What was securitization in the video's steps?
The one who makes the loan is no longer the one who waits for it to be repaid; the inquiry found firms made, bought and sold mortgage securities they never examined.
3.Which explanation stresses rules and oversight?
The commission's majority said widespread failures in regulation and supervision were essential, pointing to shadow banking and over-the-counter derivatives; a dissent by Peter Wallison disagrees.
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