Eugene F. Fama on the Government’s Role in the Subprime Mortgage Meltdown
- September 20, 2017
- CBR - Public Policy
In the wake of the 2007–10 financial crisis, the US federal government created new regulations concerning the behavior of banks. But Chicago Booth’s Eugene F. Fama says that the government itself played a significant role in creating the crisis by insuring risky loans in the hopes of boosting home ownership.
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