A. Pre-view questions: Which, if any, category of Americans do you see as most responsible for the country's current economic woes? Home owners who took out mortgages they couldn't afford? Lenders who authorized those loans? Traders who made money off of bundling, selling (and sometimes betting on the default of) those loans? Poorer Americans? Wealthier Americans? Or some combination of different categories?
A. Pre-view questions: Which, if any, category of Americans do you see as most responsible for the country's current economic woes? Home owners who took out mortgages they couldn't afford? Lenders who authorized those loans? Traders who made money off of bundling, selling (and sometimes betting on the default of) those loans? Poorer Americans? Wealthier Americans? Or some combination of different categories?
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST6: Lessons From The Great Depression
Section: Chapter Questions
Problem 2CQ
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Transcribed Image Text:A. Pre-view questions:
Which, if any, category of Americans do you see as most responsible for the country's current economic woes? Home owners who took out mortgages they couldn't afford?
Lenders who authorized those loans? Traders who made money off of bundling, selling (and sometimes betting on the default of) those loans? Poorer Americans?
Wealthier Americans? Or some combination of different categories?
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