How ECB Policy Turned Spain’s Banking Crisis into a Sovereign Debt Disaster (2007-2015)
The Illusion of Spanish Success Spain in 2007 looked like a European success story. A budget surplus of 1.9% of […]
Credit Creation, Finance
Finance
Credit Creation, Finance
Not Fannie and Freddie: Wall Street’s Trillion-Dollar Fraud Machine
Abstract This paper challenges the conventional narrative that government-sponsored enterprises (GSEs) and affordable housing policies caused the 2008 financial crisis.