Author: Transhumanist

Who caused the 2008 housing bubble to burst in the U.S.?   [Copy link] 中文

Rank: 8Rank: 8

Post time 2014-7-19 11:41:55 |Display all floors
Its not WHO but WHAT caused it.
Easy answer - GREED
RE agents, bankers, brokers, lawyers all took part in the scam that everyone should be able to own their home. Those that believed in the dream got screwed in the end.
From personal experience of selling my home I know this as a fact. The buyer should've never been granted a $380K mortgage while earning $24K a year, house is in foreclosure.
I'm just here for the money

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Post time 2014-7-19 21:13:27 |Display all floors
Ronny Post time: 2014-7-19 08:17
I agree, bailing out the banks helped no one but the banks etc, bailing out the people would have  ...

We need to break the biggest Banks down and smash crony capitalism.  I still cant believe how naive Gordon Brown was in all this..

Simple fact is if you dont regulate Capitalism effectivelly-the Capitalists fill their boots and scarper without conscience-that ain't never gonna change,
Your own mind is a sacred enclosure into which nothing harmful can enter except by your permission. Arnold Bennett

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Post time 2014-7-19 21:13:27 |Display all floors
Ronny Post time: 2014-7-19 08:17
I agree, bailing out the banks helped no one but the banks etc, bailing out the people would have  ...

We need to break the biggest Banks down and smash crony capitalism.  I still cant believe how naive Gordon Brown was in all this..

Simple fact is if you dont regulate Capitalism effectivelly-the Capitalists fill their boots and scarper without conscience-that ain't never gonna change,
Your own mind is a sacred enclosure into which nothing harmful can enter except by your permission. Arnold Bennett

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Post time 2014-7-19 23:41:58 |Display all floors
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Post time 2014-7-22 08:15:28 |Display all floors
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Post time 2014-8-8 11:34:29 |Display all floors
jordan_c_fan Post time: 2014-7-22 08:15
Santa Claus caused the housing bubble to burst  in ,2008 because people were selling stocks to by X' ...

santa is not real.

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Post time 2014-8-14 10:53:46 |Display all floors
St_George Post time: 2014-7-19 21:13
We need to break the biggest Banks down and smash crony capitalism.  I still cant believe how naiv ...

soon, china will replace all the world banks!

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