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Who was to blame? Clinton? Bush? Republicans in Congress? Democrats in Congress? The FED?
The banks and Wall street is main reason.Who was to blame? Clinton? Bush? Republicans in Congress? Democrats in Congress? The FED?
The banks and Wall street is main reason.
I should have specified in the OP that my question is about who is to blame in terms of government policy.
Who was to blame? Clinton? Bush? Republicans in Congress? Democrats in Congress? The FED?
I'd go with the economists at the FED and government who insisted, as late as 2007, that the economy was fine and we had nothing to worry about.
Giving out home loans to people who aren't financially responsible. There are credit scores for a reason and while it's not perfect, it's the best way to filter out who's good with money and who's bad with it. Half the entire population are bad with money, no matter what profession or how much they make. They will always spend more than they take it and BORROW money to keep up the lifestyle.
Good question, especially bc of plat statusWhat got Viva banned?
there's a game being played between regulators and "innovators" focused on avoiding regulations, and innovators getting ahead were a big part of it (which you can blame on them or on regulators). Markets kind of organically tend toward crises, but that can be prevented with good regulations.
Something about foreign money in elections and storming the halls of congress with a rifle, that was the basic gist of it.What got Viva banned?
Who was to blame? Clinton? Bush? Republicans in Congress? Democrats in Congress? The FED?
Something about foreign money in elections and storming the halls of congress with a rifle, that was the basic gist of it.
I assume, I don't know 100% that was it. But I saw the thread he started earlier and...
What do you think the Fed (not an acronym) could have done differently to prevent the crisis? Note that if they were publicly panicking, that would have had real-world effects.
Trying to assign blame in the sense of moral culpability is misguided, but if you want to look at what led to it, there's a game being played between regulators and "innovators" focused on avoiding regulations, and innovators getting ahead were a big part of it (which you can blame on them or on regulators). Markets kind of organically tend toward crises, but that can be prevented with good regulations.