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Viral V. Acharya, Matthew Richardson , Stijn Van Nieuwerburgh, Lawrence J. White

The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American...

Scott Patterson

How would you feel if you outperformed the market, year after year? Would you become convinced that the good times were here to stay, that nothing could possibly go wrong? And how would you then feel...