A Bass Connections research team co-led by Lee Reiners, executive director of the Global Financial Markets Center at Duke Law, has created an online resource that allows users to better understand the causes of the 2008 economic collapse in North Carolina and nationally.
The website, American Predatory Lending, utilizes data visualizations and analyses, legislative timelines and memos, and oral histories analyzing the housing market in the United States and North Carolina and the policy debate over how alleged predatory lending contributed to the financial crisis. Its findings suggest that North Carolina’s 1999 enactment of an anti-predatory lending law likely helped the state avoid the steep home price runups and subsequent sharp declines experienced elsewhere in the nation.
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