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...Economists of all political stripes agree that the recession grew largely from certain issues: An unsustainable boom in home prices—propped up in part by daredevil lending??€”led to a rapid depreciation in home values. When transmitted through securitization, this loss of wealth resulted in a crisis of confidence in credit markets and a downturn in economic activity...

Author: By Colin J. Motley | Title: Deconstructing Deregulation | 4/21/2009 | See Source »

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