Papadimitriou, Dimitri Basil - 2007
home-equity
withdrawal, not just first-time home purchases (Bernanke 2007c). The
rapid growth of the subprime segment of …; Bernanke 2007b). Some securities backed by subprime mort-
gages have been downgraded by the major bond rating firms; a Bear … national GDP, that part of the population that is especially affected may
lose access to credit for some time.
Fed chief Ben …