The 2008 financial crisis threw the U.S. economy into recession, devastated its housing and stock markets, and lost 5.5 million American jobs. While Wall Street created destabilizing structured securities and investment banking firms over-leveraged their often illiquid assets, the Fed supplied far too much credit and Washington failed to provide the regulation and oversight that would have prevented crisis. Who’s to blame?
Niall Ferguson2 Items
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- Laurence A. Tisch Professor of History at Harvard University, a senior research fellow of Jesus College, Oxford University, and a senior fellow of the Hoover Institution, Stanford University
John Steele Gordon4 Items
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- Lifelong Author and Commentator on New York's Business and Financial History
Nouriel Roubini5 Items
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- Professor, Economics and International Business, Stern School of Business, New York University.