The Global Financial Crisis of 2008. “The global pool of money”. Subprime crisis housing bust credit crunch global financial crisis Great Recession ¼ of residential mortgages “underwater” (w/negative equity)
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The Global Financial Crisis of 2008
“Why We Have to Change Capitalism”
Joseph Stiglitz, Excerpted from Freefall: Free Markets and the Sinking of the Global Economy, 2010