Report on Crisis
1 – “Governments shouldn’t be in the business of providing mortgage insurance encouraging homebuyers to borrow too much, and lenders to lend them too much.”*
2 – “If Satan, for sheer mischievous fun, were to design the perfectly dysfunctional economy from scratch, he’d probably look first at modern Greece as a model. But what about Russia?” **
(*), (**): Excerpt quotes from the briefs.
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