Wed 12.03.08| Finance's Failures

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Robin Blackburn, "The Subprime Crisis" New Left Review

Robin Blackburn, Age Shock: How Finance is Failing Us Verso, 2007

Understanding the current economic crisis requires grasping the connections between interest rate policy, household debt levels, the securitization of mortgages, and financialization more generally. Robin Blackburn elucidates those connections and discusses the impact of the crisis on pensions.

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