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Causes of the Crisis

By Robert Samuelson - March 19, 2012

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WASHINGTON -- Four years after the onset of the financial crisis -- in March 2008 Bear Stearns was rescued from failure -- we still lack a clear understanding of the underlying causes. Hundreds of studies and books have given us an increasingly detailed picture of what happened without conclusively answering why. Conventional wisdom has advanced competing theories: Wall Street types took too many...

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Robert Samuelson

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