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Arnold Kling hits the creation of the secondary market for mortgage loans as the major factor — 50 percent â causing the current financial crisis. As Kling wrote:
In hindsight, I think that the crisis was caused by
a) creation of the secondary mortgage market %2 ... Continue reading »
In hindsight, I think that the crisis was caused by
a) creation of the secondary mortgage market %2 ... Continue reading »
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