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The Subprime Solution

How Today's Global Financial Crisis Happened, and What to Do about It
in: Economics
Summary:

The book analyzes the causes of the 2007-2008 financial crisis, particularly focusing on the housing bubble and subprime mortgage debacle. It proposes solutions to stabilize the financial system, including financial innovation and policy reforms to prevent future crises and to democratize finance.

Key points:

1. Crisis Origins: Shiller traces the subprime mortgage crisis to real estate bubbles, risky financial products, and weak lending standards, highlighting systemic flaws rather than just market cycles.

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