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Fed Officials Saw Start of Subprime Crisis in August 2007
Fed Officials Saw Start of Subprime Crisis in August 2007 Bloomberg Federal Reserve officials in August 2007 saw the beginnings of the crisis in subprime mortgages and concluded that the U.S. economy would be able to withstand it, transcripts from their 2007 meetings show. "Well-capitalized banks and opportunistic ...
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