An article on the U.S housing market in the Economist notes: The status quo also means that,
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An article on the U.S housing market in the Economist notes: “The status quo also means that, in the event of another crash, taxpayers would be landed with a big bill.” Explain what aspect of the housing market makes it likely that if housing prices crashed again, as they did beginning in 2006, taxpayers would be landed with a big bill. Be sure to explain what taxpayers would be paying for with that big bill.
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Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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