THE BIG LIE THAT HAUNTS THE POST-CRASH ECONOMY.

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    • Abstract:
      The article looks at the causes of the 2008 U.S. financial crisis, as of 2014. The author criticizes reporters and analysts who have blamed the crisis on greedy or fraudulent consumer behavior, particularly in the home mortgage market, presenting data to show this was only a very small factor. Topics include subprime mortgages, racial discrimination in lending, and misconduct in the financial services industry.