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1932

Comics

Reforms after the 2008 recession have reduced risk in the financial system, but also undercut the government’s emergency powers, which dealt with the financial meltdown 10 years ago. Illustration show
Society

The financial crisis flared in an era of invisible high risk. Has the system been reformed?

Economists tracking changes post-recession say safeguards should reduce the vast vulnerabilities seen 10 years ago. But putting out fires may be harder.

Conceptual illustration shows the bursting of the housing market bubble in 2007 that preceded the financial crisis of 2008. Houses are shown floating in bubbles, with lightning hitting and bursting one bubble, one house falling through the air and another house already fallen on the ground.
Society

A “subprime” crisis in housing? Think again.

Economist Antoinette Schoar and colleagues found that middle-class homebuyers had more to do with 2008’s real estate crash than the less-wealthy consumers usually blamed for it.

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