Tech Bubble Bust Led to Housing Bubble Bust
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The technology boom of the late nineties, and its subsequent bust in 2000, led institutions to create exotic financial instruments to duplicate the steep gains enjoyed during the boom, says professor John H. Vogel Jr, a real estate expert at the Tuck School of Business at Dartmouth. Earlier this month I sat down with Professor Vogel at the Tuck School in Hanover, New Hampshire. He explains how the tech bubble lead to the housing bubble with mortgage-backed securities.