Top 10 Credit Crunch Remedies ; Does Boom Always End in Bust, and Can't We Just Print Money to Bail Out Our Ailing Economy? Post Reporter Richard Youle Asks Swansea University Economics Professor David Blackaby (Pictured) '10 Questions About the Economy You Were Too Afraid to Ask'.

South Wales Evening Post › January 09, 2009

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Summary

Does boom always end in bust, and can't we just print money to bail out our ailing economy? Post reporter RICHARD YOULE asks Swansea University economics professor David Blackaby (pictured) "10 questions about the economy you were too afraid to ask".

What caused the credit crunch, and did anyone see it coming?

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Extract

Top 10 Credit Crunch Remedies ; Does Boom Always End in Bust, and Can't We Just Print Money to Bail Out Our Ailing Economy? Post Reporter Richard Youle Asks Swansea University Economics Professor David Blackaby (Pictured) '10 Questions About the Economy You Were Too Afraid to Ask'.

Many American banks over-lent to people who couldn't pay back those loans. Mortgages were actually given to individuals with no income and no job. The banks wrapped up these loans and sold them as financial bundles to other banks all over the world, many in the...

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