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Introduction

Published online by Cambridge University Press:  07 October 2021

Barrie A. Wigmore
Barrie A. Wigmore
Affiliation:
Retired Partner, Goldman Sachs
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Summary

There can be few fields of human endeavor in which history counts for so little as in the world of finance.

The financial crisis of 2008 was initially seen by journalists, popular writers, the media, and some economists as the result of a housing bubble and subprime lending, funded by ill-structured private residential mortgage-backed securities (RMBS) that were exploitive of low-income mortgage borrowers.

Type
Chapter
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The Financial Crisis of 2008
A History of US Financial Markets 2000–2012
 , pp. 1 - 8
Publisher: Cambridge University Press
Print publication year: 2021

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  • Introduction
  • Barrie A. Wigmore
  • Book: The Financial Crisis of 2008
  • Online publication: 07 October 2021
  • Chapter DOI: https://doi.org/10.1017/9781108946872.001
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  • Introduction
  • Barrie A. Wigmore
  • Book: The Financial Crisis of 2008
  • Online publication: 07 October 2021
  • Chapter DOI: https://doi.org/10.1017/9781108946872.001
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Barrie A. Wigmore
  • Book: The Financial Crisis of 2008
  • Online publication: 07 October 2021
  • Chapter DOI: https://doi.org/10.1017/9781108946872.001
Available formats
×