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Did the Poor Cause the Financial Crisis?

Did the Poor Cause the Financial Crisis?

“There are two things that matter in politics. The first is money. I can’t remember the second.” – Mark Hanna In December, a group calling itself the Republican Commissioners on the Financial Crisis Inquiry released a report titled the “Financial Crisis Primer,” which provides an explanation for economic crisis.  According to the report’s authors, the big lenders, including the government, gave too many high-risk loans as part of a government-directed strategy to increase home ownership in the country.  Because the…

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