Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis
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We present 12 facts about the mortgage crisis. We argue that the facts refute the popular story that the crisis resulted from finance industry insiders deceiving uninformed mortgage borrowers and investors. Instead, we argue that borrowers and investors made decisions that were rational and logical
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美国国家经济研究局创建时间：
2012-05-01
