An article in the Wall Street Journal in 2012 noted: A battle over who gets stuck with

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An article in the Wall Street Journal in 2012 noted: “A battle over who gets stuck with tens of billions worth of bad housing loans made during the boom years explains why many Americans still can’t get a mortgage.”

a. Who was battling over bad housing loans?
Why were they battling?

b. Why would a battle over bad loans made years ago reduce the number of new loans that banks were willing to make?

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Money Banking And The Financial System International Edition

ISBN: 978-1292000183

2nd Edition

Authors: R. Glenn Hubbard ,Anthony P Obrien

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Question Posted: Mar 16, 2024 11:00 PM

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An article in the Wall Street Journal in 2012 noted: A battle over who gets stuck with

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a The battle over bad housing loans was likely between financial institutions such as banks mortgage lenders and investors who had exposure to these l...View the full answer

Money Banking And The Financial System International Edition

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