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Here's Who Really Caused the Great Recession financial crisis 2008 explained

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Here's Who Really Caused the Great Recession

Here's Who Really Caused the Great Recession

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Here's Who Really Caused the Great Recession
financial crisis 2008 explained
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21 comments

Rupesh Veldurkar 26/09/2021 - 8:30 Sáng

History repeats 2021 ever Grande in china

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cato 26/09/2021 - 8:30 Sáng

Everyone in Congress should be in jail.

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We The People 26/09/2021 - 8:30 Sáng

Why did you leave out the government regulations that allowed this?

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We The People 26/09/2021 - 8:30 Sáng

Govt conspired with the big banks to fleece the American taxpayers.

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Martin Bittencourt 26/09/2021 - 8:30 Sáng

That was a veeery simplistic explanation 😐

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chamberizer 26/09/2021 - 8:30 Sáng

Didn't the government force banks to make risky mortgages?
Ultimately, it was a lack of personal responsibility that caused the crisis.
Why would anyone take out a mortgage that they can't afford?
Too many idiot's caused the crisis.

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Josh Reddy 26/09/2021 - 8:30 Sáng

Exactly 13 years before, today, AIG ran out of money

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Jerry Martin 26/09/2021 - 8:30 Sáng

The government thru Fannie Mae and Freddie Mac forced lenders to give mortgages to unqualified people. Calling them before Congress and accusing them of systemic racism, these lenders bundled these loans to partition them away from their normally bonded loans. They began to hide them in other bundled products and pass them around like a hot potato. It was predictable and preventable and initiated by the US government, period.

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megaleadjp 26/09/2021 - 8:30 Sáng

In a real capitalist society nothing is too big to fail. In monopoly nobody is too big to fail.

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Net Worth 26/09/2021 - 8:30 Sáng

The rich got richer, the politicians got re-elected and you (I) lost my job.

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DJ Surferdude 26/09/2021 - 8:30 Sáng

Democrats always having to clean up Republican messes.

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DJ Surferdude 26/09/2021 - 8:30 Sáng

Republicans are a f’ing trip man. They have such shitty values! It never about your political opinions it’s all about your shitty values!

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peter ponce de leon 26/09/2021 - 8:30 Sáng

The FED and congress are principally responsible for the crash. AIG deserves some blame as well.

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NewHampshire LifeStyle 26/09/2021 - 8:30 Sáng

This great recession started when Bill Clinton forced banks to lower lending standards.

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Ben Artee 26/09/2021 - 8:30 Sáng

We made good Money with this.
Your assertion that an insurer should back each underwriting with full collateral is utter nonsense.
The entire idea of insurance is to use statistics to predict damage and thus NOT having to collateralize in full. Because if you had to then our modern world would not work.
Or how do you think people would be able to collateralize the potential liability of running over a pedestrian in their car? No-one would be able to afford running a car. And the same applies to any other insurance you can imagine, including insurance against house-owners not paying their mortgage.

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Terry Tillery 26/09/2021 - 8:30 Sáng

SJW's ….leftist filth. Absolutely the culprit!!!

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John Sinclair 26/09/2021 - 8:30 Sáng

Politicians who are so good at getting their own snouts in the trough should be held personally liable for such obvious neglect.
Gordon Brown, a bigot, with an inflated opinion of his ability should never have been allowed to walk away from the mess his policies created.

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L haley 26/09/2021 - 8:30 Sáng

The term "to big to fail" started when the banks bank's heavily invested on the Penn Central RR and convinced the government to buy it and it became Amtrack and Conrail.

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thomas aquinas 26/09/2021 - 8:30 Sáng

To blame the 2008 recession on sharp traders, broke home buyers, or anyone else, is too simplistic. The culprit in everything is us, period. All the mind-boggling benefits we get (ask anyone in Europe or the rest of the world) is far more than we can afford. Yet, no one except people derided as 'kooks' have objected to this chronic over-promising. If you demand Congress 'get real', our problems end, but only if our over-spending does. And, yes, I am a retired CPA…

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kenii28 26/09/2021 - 8:30 Sáng

I got recommended this video bc amc and gme are about squeeze and the market will crash. Its all the hedge funds and banks fault

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Gregory Sagegreene 26/09/2021 - 8:30 Sáng

My American ex-mother-in-law
once told me:
"We'll go 'stated', 'no doc',
this is the USA, it's 'OPM' "
… glad I never went for it.

There was a lot going on in the crisis, and this added an important piece. Until now, while I knew about MBS's and CDO's and the crooked 'Masters of the Universe' at the Ratings Agencies, I had not fully understood AIG's nor CDS role in the collapse, and the linkage to Lehman's fall … which was in turn the most visible consequence at the time, and the apparent (but not) trigger for the downturn.

Thankyou for the video.

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