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posted by
martyb
on Friday March 30 2018, @07:36AM
from the change-is-not-necessarily-for-the-good dept.
from the change-is-not-necessarily-for-the-good dept.
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.
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How the World has Changed Since 2008 Financial Crisis
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Can anyone remember when the times were not hard, and money not scarce?
(Score: 5, Informative) by frojack on Friday March 30 2018, @09:19PM
Yes, it was legal. It still is legal.
Seriously how could the parent be marked informative when it was WRONG from the first sentence to the last???
And those high risk loans were MANDATED by government program set up first by Carter, and expanded by Clinton. MANDATORY loaning to people with no visible means of support.
Read your history before modding some random rage post as informative.
No, you are mistaken. I've always had this sig.