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The Subprime Mortgage Crisis and Economic Checks and Balances

Banking & Financial Services Policy Report, June 2012, at 15

Loyola University New Orleans College of Law Research Paper No. 2012-19

15 Pages Posted: 26 Sep 2012 Last revised: 2 Oct 2012

Chunlin Leonhard

Loyola University New Orleans College of Law

Date Written: 2012

Abstract

This article examines contract law’s role in the subprime mortgage crisis, specifically in the way that the laissez faire paradigm of traditional contract law focuses on the self-interest of the contractual parties and in the way contract law has led to a business culture dominated by a “survival of the fittest” mentality.

Keywords: subprime mortgage crisis, contract law

Suggested Citation

Leonhard, Chunlin, The Subprime Mortgage Crisis and Economic Checks and Balances (2012). Banking & Financial Services Policy Report, June 2012, at 15; Loyola University New Orleans College of Law Research Paper No. 2012-19. Available at SSRN: https://ssrn.com/abstract=2152594

Chunlin Leonhard (Contact Author)

Loyola University New Orleans College of Law ( email )

7214 St. Charles Ave., Box 901
Campus Box 901
New Orleans, LA 70118
United States

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