- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: The Last Time The Price Of Oil Crashed Like This?
Posted on 12/22/14 at 3:09 pm to stout
Posted on 12/22/14 at 3:09 pm to stout
quote:
The subrime mess lead to the housing bubble popping
Right. Meaninf people were leveraged to hilt. When you're leveraged so much, you become much, much more sensitive to commodity prices. Even the slighest uptick is going to wreak havoc.
1
Posted on 12/22/14 at 3:13 pm to southernelite
quote:
When you're leveraged so much, you become much, much more sensitive to commodity prices. Even the slighest uptick is going to wreak havoc.
Yes but many couldn't afford the homes from day one. Predatory lending was huge during that time and people were dumb and greedy enough to fall for it. They were sold the American Dream so banks, realtors, and mortgage underwriters could all cash in.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News