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Lecture 13 - The Mortgage Meltdown in Cleveland

Lecture 13 - The Mortgage Meltdown in Cleveland

This video was recorded at PLSC 270 - Capitalism: Success, Crisis and Reform. Professor Rae discusses the subprime mortgage crisis. Major actors are presented and analyzed, including homebuyers, brokers, appraisers, lenders, i-banks, and rating and government agencies. Major actors' incentives and risks are assessed. Professor Rae also presents a brief history of government involvement in mortgage markets. Deregulation of the industry and its consequences are explored, and Professor Rae facilitates a discussion on apportioning blame for the collapse of the U.S. housing market.

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