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I remember reading the 2005 Year in Preview issue of The Economist--the first issue of that year. There was a long article on the coming real estate bubble bust, and the subsequent damage that would wreak on the economy as a whole.
What I don't get is that if a widely read and well-respected journal like The Economist reported on the problem so long ago, how come a lot of these banks, mortgage lenders, home building companies, were unprepared/still over-building/holding dangerous positions, etc., when the shit hit the fan?
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