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Here's Who Really Caused the Great Recession financial crisis 2008

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Here's Who Really Caused the Great Recession

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Here's Who Really Caused the Great Recession
financial crisis 2008
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23 comments

Business Casual 14/10/2021 - 8:28 Chiều

Get your free copy of "Fatal Risk" from Audible, in addition to a free 30-day trial!
👉https://amzn.to/2PU6vFV (note: as an Amazon Associate, we earn from qualifying purchases).

Reply
Tom McMorrow 14/10/2021 - 8:28 Chiều

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.

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atenas80525 14/10/2021 - 8:28 Chiều

Casinos have to have cash on hand to equal their liabilities. The government? Doesn't have that requirement

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atenas80525 14/10/2021 - 8:28 Chiều

This time will be different

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Param Veer Singh Bhatia 14/10/2021 - 8:28 Chiều

FINANCIAL CRISES

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Arya Aswale 14/10/2021 - 8:28 Chiều

0:14 not Australia 🇦🇺

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SVGLNR 14/10/2021 - 8:28 Chiều

2008: Great Recession
2021: Great Resignation

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Oakland CPA 14/10/2021 - 8:28 Chiều

Why did I listen to this. It was upsetting back then. Being reminded how we got screwed just brought back those feelings.

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Todd Shults 14/10/2021 - 8:28 Chiều

I know the democrats

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Johan Conradie 14/10/2021 - 8:28 Chiều

they are going to switch off the internet

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Kashif Syed 14/10/2021 - 8:28 Chiều

Yay capitalism!

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BigE 14/10/2021 - 8:28 Chiều

What about naked default swaps? And you forgot what triggered the crash. What about Bush's great ownership Society.

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Tubeless 14/10/2021 - 8:28 Chiều

So..did the home owners get their bailout ?

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Maxwell Smith 14/10/2021 - 8:28 Chiều

The Republicans .

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Rupesh Veldurkar 14/10/2021 - 8:28 Chiều

History repeats 2021 ever Grande in china

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cato 14/10/2021 - 8:28 Chiều

Everyone in Congress should be in jail.

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Martin Bittencourt 14/10/2021 - 8:28 Chiều

That was a veeery simplistic explanation 😐

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chamberizer 14/10/2021 - 8:28 Chiều

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.

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Josh Reddy 14/10/2021 - 8:28 Chiều

Exactly 13 years before, today, AIG ran out of money

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Jerry Martin 14/10/2021 - 8:28 Chiều

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.

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megaleadjp 14/10/2021 - 8:28 Chiều

In a real capitalist society nothing is too big to fail. In monopoly nobody is too big to fail.

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Net Worth 14/10/2021 - 8:28 Chiều

The rich got richer, the politicians got re-elected and you (I) lost my job.

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DJ Surferdude 14/10/2021 - 8:28 Chiều

Democrats always having to clean up Republican messes.

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