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What Really Caused the Great Recession?

  • Author(s): Coghlan, Erin
  • McCorkell, Lisa
  • Hinkley, Sara
  • et al.
Abstract

The Great Recession devastated local labor markets and the national economy. Ten years later, Berkeley researchers are finding many of the same red flags blamed for the crisis: banks making subprime loans and trading risky securities. Congress just voted to scale back many Dodd-Frank provisions. Does another recession lie around the corner?

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