LogFAQs > #914601966

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Topic	Politics Containment Topic 210: HQ of the War on Christmas
Peace___Frog 12/23/18 2:48:28 PM #218:	Metal_DK posted... A lot of things did. Subprime loans (especially those with adjustable rate mortgages) fucked things up real quick. Alan Greenspan (by far the biggest contributor to the crash on the government side of things) not being able to explain what a credit default swap was showed his fucking ignorance Ratings agencies literally lying to the public "Housing never goes down" mentality by investors The exponential amount of money invested on people investing on housing (the big short scene with selena gomez explains this part perfectly) Yeah there was a lot more than one or two things that contributed to the economy tanking. I'd argue that allowing industries to self regulate was another big issue that we don't seem to have learned the lesson for. --- ~Peaf~ <cite>Peace___Frog posted [p:914601966] in Politics C... [t:77304995]...</cite> <quote><cite>Metal_DK posted...</cite> <quote>A lot of things did. Subprime loans (especially those with adjustable rate mortgages) fucked things up real quick. Alan Greenspan (by far the biggest contributor to the crash on the government side of things) not being able to explain what a credit default swap was showed his fucking ignorance Ratings agencies literally lying to the public "Housing never goes down" mentality by investors The exponential amount of money invested on people investing on housing (the big short scene with selena gomez explains this part perfectly)</quote> Yeah there was a lot more than one or two things that contributed to the economy tanking. I'd argue that allowing industries to self regulate was another big issue that we don't seem to have learned the lesson for. --- ~Peaf~</quote> ... Copied to Clipboard!
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