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Keeping up with the Joneses: bubbles and herding behavior
in Sox First, on November 21, 2007
The subprime meltdown is the latest example of flawed logic that resulted in a bubble and house of cards. I mean, what were these people thinking? You have people with no proof of income being able to take out a mortgage equal to 100 per cent of the appraised value of a home? And a finance indust...




