Investment Banking

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07-Strategy-500
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Expert Opinions on the Economy

  • Blog

Harvard’s Martin Feldstein and MIT’s Simon Johnson offer insights on the economy and the banking system.

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Confidence, Tricked

Since 2007, as banks took successive writedowns related to deteriorating mortgage-backed securities, the conventional wisdom was that we were facing a crisis of bank solvency triggered by falling housing prices and magnified by leverage.

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