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re: What makes AOC or Oman less American than Trump?
Posted on 4/11/19 at 6:21 am to wazoo11
Posted on 4/11/19 at 6:21 am to wazoo11
Banks didn’t cause the crisis of 2008. It was caused by Fannie Mae, Freddie Mac and the government blackmailing lenders through the Community Reinvestment Act - see Barney Frank.
If you want a perfect, current parallel scenario - see the current student loan crisis and the government’s takeover of student loans.
If you want a perfect, current parallel scenario - see the current student loan crisis and the government’s takeover of student loans.
1
Posted on 4/11/19 at 6:24 am to Pvt Hudson
The financial crisis was primarily caused by deregulation in the financial industry. That permitted banks to engage in hedge fund trading with derivatives. Banks then demanded more mortgages to support the profitable sale of these derivatives. ... That created the financial crisis that led to the Great Recession.
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