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It has been argued that during the Great Recession, wealth losses were more concentrated for college-­educated Black and Hispanic families than for White and Asian college-educated families and their non-college-educated Black and Hispanic peers. This article explores the extent to which the...
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disproportionately offered in minority communities. Accordingly, some economists argue that the crisis is the result of government … mortgage lending is higher in minority areas, the estimated mortgage foreclosure rate is lower in these areas. This evidence is … inconsistent with the contention that regulations encouraging lending in minority areas contribute to the subprime foreclosure …
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"Collateral damaged" explains how America had turned from a nation of savers into a nation of consumers addicted to debt. Wall Street then used that addiction to create "toxic securities" that threaten to bring about the collapse of the global economy. How can America get its fiscal house in...
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Make failure tolerable / George P. Shultz -- Financial reforms to end government bailouts as we know them / Paul Volcker -- Fifty years in the business : from Wall Street to the Treasury and beyond / Nicholas F. Brady -- Defining systemic risk operationally / John B. Taylor -- Lessons learned...
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