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The 2007 Financial Crisis
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The 2007 Financial Crisis
financial crisis
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It was actually 2008 when there was a lot of effect.
Great video. Very informative.
Good thing we won't do that again: have super low interest rates for a decade and then raise them quickly. Oh wait. They are doing it right now
what
Nothing to declare…
They only kicked the can down the road. The real crisis is set to continue sometime in the future. It could be years. It could be months. It could be days. All I know is it's going to be worse this time around because they did nothing to address what actually caused the problem.
So when someone purchased a house with an interest rate of 1% does that not stick or does your interest rate change from 1% to something else ?
Go see "The Big Short".
This was Alan Greenspan's fault. he kept the fed funds rate too low for too long
And no mention of Fannie Mae and Freddie Mac
End the Fed.
Margin call. Now what if there were no bailouts?
How one country's lack of over sight can result in a worldwide financial catastrophe. #goodjobamerica