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To understand the 2008 financial crisis, Neil Fligstein looks to the business models of the big US banks. He shows how firms got hooked on mortgages--originating them, securitizing them, selling those securities, and even buying the same securities. In time their addiction nearly collapsed the...
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"To understand the 2008 financial crisis, Neil Fligstein looks to the business models of the big US banks. He shows how firms got hooked on mortgages-originating them, securitizing them, selling those securities, and even buying the same securities. In time their addiction nearly collapsed the...
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The Subprime Challenge -- Why a Free and Democratic Society Needs Law -- Why Consumer Protection Promotes the Free Market -- Why Private Property Needs a Legal Infrastructure -- Why Conservatives Like Regulation and Liberals Like Markets -- Democratic Liberty
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