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re: What Happen with the Sub-Prime Mortgage Crisis
Posted on 3/5/19 at 3:34 am to SlowFlowPro
Posted on 3/5/19 at 3:34 am to SlowFlowPro
4th was the bank mortgage desks and investment funds buying CDOs and Mortgage bonds without bothering to actually review the risks of what they were buying.
5th was the repeal of glass stegall.
6th was governments assuming the debts of investment banks and saddling their citizens with that debt.
7th was rampant speculation by middle and upper class Americans, Chinese, Icelanders, Dutch, Germans, Irish, and Koreans.
5th was the repeal of glass stegall.
6th was governments assuming the debts of investment banks and saddling their citizens with that debt.
7th was rampant speculation by middle and upper class Americans, Chinese, Icelanders, Dutch, Germans, Irish, and Koreans.
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