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Massive failure might bring on a bailout.
SupportiveArgument
1
#7062
Massive failure might bring on a bailout.
CONTEXT
(Help)
-
The Global Financial Crisis »
The Global Financial Crisis
The Global Financial Crisis☜Exploring the causes, consequences and responses to the global financial crisis. ☜F1CEB7
▲
Long-term causes of the financial crisis? »
Long-term causes of the financial crisis?
Long-term causes of the financial crisis?☜What are the long term causes of the current financial crisis?☜FFB597
▲
Human cognitive biases »
Human cognitive biases
Human cognitive biases☜Familiar cognitive errors that afflicted everyone: investors, home buyers, lenders, regulators.☜59C6EF
▲
Lenders overconfident in their ability to manage risk »
Lenders overconfident in their ability to manage risk
Lenders overconfident in their ability to manage risk☜With house prices rising steadily loan default rates fell, and lenders—overweighting recent events, looking at other people lending, and mindful of their immediate financial and competitive incentives—concluded that it was safe to continue lending.☜98CE71
▲
Better to all fail together than to underperform separately »
Better to all fail together than to underperform separately
Better to all fail together than to underperform separately☜For any individual lender, it was better to all fail together than to underperform separately.☜98CE71
■
Massive failure might bring on a bailout.
Massive failure might bring on a bailout. ☜Massive failure might bring on a bailout.☜98CE71
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Entered by:-
David Price
NodeID:
#7062
Node type:
SupportiveArgument
Entry date (GMT):
10/8/2008 3:31:00 PM
Last edit date (GMT):
10/8/2008 3:31:00 PM
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