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Political Economy During the Bust

In: The Subprime Crisis Lessons for Business Students

Author

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  • Jaime Luque

    (1University of Wisconsin-Madison, USA)

Abstract

The subprime mortgage crisis prompted an unprecedented, and often controversial expansion of the government intervention in the economy. Ben Bernanke was of the belief that if major banks and mortgage lenders were left to die, it would bring down the global economy with them. Was congress right in allowing the government to bail out the banks? To answer this question, one must first uncover if Congress was acting in the best interest of the people…

Suggested Citation

  • Jaime Luque, 2017. "Political Economy During the Bust," World Scientific Book Chapters, in: The Subprime Crisis Lessons for Business Students, chapter 6, pages 47-53, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813200043_0006
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    More about this item

    Keywords

    Subprime Crisis; Great Recession; 2009 Recession; Mortgage; Financial Market; Preventing Recession; 2009 Crisis; Interest Rates;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G1 - Financial Economics - - General Financial Markets

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