You are viewing this post: Here's Who Really Caused the Great Recession financial crisis 2008
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Here's Who Really Caused the Great Recession
financial crisis 2008
ดูวิธีการทำเงินออนไลน์ล่าสุดทั้งหมด: ดูเพิ่มเติมที่นี่
ดูวิธีการทำเงินออนไลน์ล่าสุดทั้งหมด: ดูเพิ่มเติมที่นี่
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As a financial analyst by trade I will never understand why nobody talks about the American people taking out loans they had no business getting. Anyone who reads any information on personal finance will know exactly how much they can reasonably afford, and turn down amounts higher. The banks were at fault and had a hand in things no question. But if people weren't trying to live beyond their means, there would be no awful mortgages to be defaulted on. I had no idea the economic crisis even happened until I read about it in school because my life wasn't impacted in any way thanks to my parents not taking out some mortgage they couldn't afford.
Casinos have to have cash on hand to equal their liabilities. The government? Doesn't have that requirement
This time will be different
FINANCIAL CRISES
0:14 not Australia 🇦🇺
2008: Great Recession
2021: Great Resignation
Why did I listen to this. It was upsetting back then. Being reminded how we got screwed just brought back those feelings.
I know the democrats
they are going to switch off the internet
Yay capitalism!
What about naked default swaps? And you forgot what triggered the crash. What about Bush's great ownership Society.
So..did the home owners get their bailout ?
The Republicans .
History repeats 2021 ever Grande in china
Everyone in Congress should be in jail.
That was a veeery simplistic explanation 😐
Didn't the government force banks to make risky mortgages?
Ultimately, it was a lack of personal responsibility that caused the crisis.
Why would anyone take out a mortgage that they can't afford?
Too many idiot's caused the crisis.
Exactly 13 years before, today, AIG ran out of money
The government thru Fannie Mae and Freddie Mac forced lenders to give mortgages to unqualified people. Calling them before Congress and accusing them of systemic racism, these lenders bundled these loans to partition them away from their normally bonded loans. They began to hide them in other bundled products and pass them around like a hot potato. It was predictable and preventable and initiated by the US government, period.
In a real capitalist society nothing is too big to fail. In monopoly nobody is too big to fail.
The rich got richer, the politicians got re-elected and you (I) lost my job.
Democrats always having to clean up Republican messes.