Where the banks went wrong. How financial institutions misread the risks they were taking, and were more vulnerable than they imagined Subscribe NOW to The Economist: econ.st/1Fsu2Vj Get more The Economist Follow us: twitter.com/TheEconomist Like us: www.facebook.com/TheEconomist View photos: instagram.com/theeconomist/ The Economist videos give authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them.

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