Unfortunately, many of the most popular explanations that have emerged for the subprime crisis are, to a large extent, myths. On close inspection, the explanations offered are not supported by empirical research (Demyanyk and Van Hemert 2008; Demyanyk 2009a, 2009b).From "Subprime mortgages: Myths and reality" by Kent Cherny and Yuliya Demyanyk, 17 October 2009. Read the complete article here.
Saturday, October 17, 2009
Myths About The Subprime Mortgage Crisis
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