What caused the financial crisis of 2008? (user search)
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  What caused the financial crisis of 2008? (search mode)
Pages: [1]
Poll
Question: .
#1
The Federal Reserve		  
#2
Financial deregulation		  
#3
Both		  
Show Pie Chart
Partisan results
Total Voters: 19

Author Topic: What caused the financial crisis of 2008?  (Read 4182 times)
Bo
Rochambeau
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Posts: 13,986
Israel


Political Matrix
E: -5.23, S: -2.52
« on: June 08, 2010, 12:31:25 PM »
Both.
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Bo
Rochambeau
Atlas Icon
*****
Posts: 13,986
Israel


Political Matrix
E: -5.23, S: -2.52
« Reply #1 on: July 02, 2010, 12:31:20 PM »
Quote from: KuntaKinte on June 23, 2010, 02:29:06 AM

Voted both on the poll.

The irresponsible tax cuts in the US and other countries in the early 2000s were important too.  The state gave billions over billions to the very rich, and the money was used to blow up the bubble that burst in 2008.

I thought the Fed blew up the housing bubble by keeping interest rates too low for too long in the early 2000s?
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Bo
Rochambeau
Atlas Icon
*****
Posts: 13,986
Israel


Political Matrix
E: -5.23, S: -2.52
« Reply #2 on: July 05, 2010, 01:44:22 PM »
Quote from: phknrocket1k on July 02, 2010, 12:32:51 PM
Other: Alan Greenspan's reaction to Russian default and Asian Financial Crisis in 1997.

So, in other words, the Fed.
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