The 2007 Financial Crisis
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What happened to the economy in 2007? These are countries are still suffering from a recession: http://www.investopedia.com/articles/investing/111615/4-countries-recession-and-crisis-2008.asp?utm_source=youtube&utm_medium=social&utm_campaign=youtube_desc_link
Comments
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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.
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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 ?
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Go see "The Big Short".
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This was Alan Greenspan's fault. he kept the fed funds rate too low for too long
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People living in homes they could not afford, the blame goes both on american culture of living above your means and the banks for being sleazy sales men to financially illiterate people.
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And no mention of Fannie Mae and Freddie Mac
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End the Fed.
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Margin call. Now what if there were no bailouts?
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Woah.. less annoying popup noises, nice
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How one country's lack of over sight can result in a worldwide financial catastrophe. #goodjobamerica
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