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Even housing bears bought big homes before the crash

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A study by a Princeton University economics professor letting Wall Streeters off the hook for the financial crisis has a dubious premise.

FORTUNE -- If you believed poor mortgage lending and worthless securities were about to cause the biggest housing bust in American history, would you buy a house? I guess not.

That's the somewhat flimsy premise of a recent study by one Princeton economics professor and two others from the University MORE


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