United States

Think you know the cause of the US financial crisis? You could be wrong

Both American political parties believe that the cause of the financial crisis was a shift in banking practices that resulted in more poor and middle-class households obtaining mortgages. Image: REUTERS/Mike Blake

Max Ehrenfreund
Writer, Wonkblog
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 Figure 1
Image: Federal Reserve Bank of New York Consumer Credit Panel/ Equifax/Washington Post
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Image: Federal Reserve Bank of New York Consumer Credit Panel/Equifax/IRS/Washington Post
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United StatesFinancial and Monetary SystemsEconomic Progress
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