10 Years Since The 2008 Financial Crisis
The financial crisis and the massive federal response reshaped the world we live in. Though the economy is in one of its longest expansions and stock indexes have hit new highs, many people across the political spectrum complain that the recovery is uneven and the markets' gains aren't fairly distributed. The Wall Street Journal takes a look at some of the most eventful aspects of the response and how we got to where we are today.
America lost a lot of strength and stability, there were no consequences for the most egregious offenders, and those involved are now part of the regulatory capture in the financial markets.
(Score: 0) by Anonymous Coward on Friday March 30 2018, @08:44AM (1 child)
I still don't own a house. But at least I don't have paper on one that is underwater, either financially or literally.
(Score: 2) by Adamsjas on Friday March 30 2018, @09:32PM
If you don't own a house, you are one missed paycheck away from homeless.
Which may be exactly where the powers that be want you to be.
Paid off my first house. Sold it at a profit. Bought my next house with only a small loan. Paid it off. Rinsed and repeated.
Every house paid off before loan term.