>2008 happened because of lack of government regulation, bro
what a terrible documentary
2008 happened because of lack of government regulation, bro
Eli Wilson
Zachary Morgan
Like clockwork, every time there's an industrial or economy disaster the parasitical Marxists come out of the woodwork with their propaganda, blaming all the ills of the world on capitalism and totally discounting how it elevated millions, then billions of people out of poverty subsistence living.
Christopher Scott
Then tell us enlightened user, what was the cause?
Jonathan Gonzalez
THE SUBPRIME POORS NOT PAYING BACK THEIR LOANS
Xavier Roberts
Retarded lending practices enforced by the government
Easton Morris
deregulation and the removal of currency controls was the beginning of the end
removing the bretton woods system was a mistake
Jace Carter
And like clockwork whenever big business fucks up, the right comes out to explain how deregulating everything would lead to a state of equilibrium whereby banks would behave nobly out of choice.
Julian Cruz
they would not fuck around so much if they didn't have their guys in the fed and government and knew that they would get bailed out if they fucked up.
Cameron Bailey
capitalism is inherently prone to boom and bust cycles
for a detailed analysis see
thenextrecession.files.wordpress.com
Samuel Gutierrez
The fractional reserve system
The greatest pyramid scheme of all time
Why did you bring back the banks? Why didn't you listen?
Asher Clark
>agitate a snake
>act surprised when it bites you
Levi Brown
Greed from all the parties involved. Americans who were too greedy and over extended themselves by getting mortgages they could never pay off. The greedy brokers looking to get another commission check by dropping the ignorant. Greedy investors that drove the demand for those risky investments. No one was innocent in this shit show
Isaiah Jenkins
Based Trump rolling back regulations put in place after the crisis. FUCK YEAH
Dominic Baker
The poor who got the mortgages simply saw a good opportunity they couldn't pass up. They were promised by their brokers that they could streadily pay it off in the span of many years. They didn't know how truly fucked the situation was.
Aaron Diaz
banks were forced to make loans to illegal immigrants and blacks with shitty credits by the government.
en.m.wikipedia.org
Lincoln Johnson
Jews
Logan Baker
Like any system maintaining a feedback loop, there will be always be uphills and downhills
but you can balance the degree of those variations - with regulation or deregulation.
Chase Walker
Investors were thirsty for those mortgages while brokers didn't care who they where issued to as long as they kept getting those checks. Of course those families that were high risk didn't care either so as long as they got a house. You can only kick the can so far down the road, but everyone enjoyed the party for as it lasted
Brayden Clark
Compelling counterargument, I'll bet your dissertation is riveting.
Robert Perry
Funny, that's not anywhere in that article you linked.
Grayson Stewart
Ignorance is never an excuse. They had no kind of leverage, yet they believed they could afford a mortgage that well exceeded their income. They wanted to live beyond their means and this was a big part of the problem
Cooper Mitchell
jikes
Connor Ramirez
It was the people and families that lost their pensions and stocks took a huge nosedive that I felt terrible for. The banks and Fannie Mae screwed so many poor people by giving them loans they never should have been able to get. Changed the regulations for sure and you have to jump through all kinds of hoops for a loan now
Levi James
Ethan King
this desu. and now banks have been taught the government will bail them out if they make risky investments. why would a bank ever not make risky investments?
Jayden Taylor
sheeit