What Really Caused The Great Recession?

Fligstein and Adam Goldstein (Assistant Professor at Princeton University)1 look at the history of bank behavior leading up to the market collapse, focusing on why banks created and purchased risky mortgage-backed securities (MBSs) and collateralized debt obligations (CDOs) in the first place, and why they ignored early market failure warnings in 2006-07. According to popular

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Is Russia In A Recession?

Western governments have frozen roughly half of Russia’s foreign reserves, barred certain Russian banks from using the high-security SWIFT banking network, and restricted vital technology exports to Russia, among other measures. Imports of Russian oil, natural gas, and petroleum products are likewise restricted in the United States. According to a senior Treasury official, the purpose

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