Sep
23
Patrick Havens on September 23rd, 2008
The Swedish crisis had strikingly similar origins to the American one, and its neighbors, Norway and Finland, were hobbled to the point of needing a government bailout to escape the morass as well.
Financial deregulation in the 1980s fed a frenzy of real estate lending by Sweden’s banks, which did not worry enough about whether the [...]
Continue reading about Sweden’s Bank Crises should be our guide for todays problems…
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