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Scurvydog

What collapse was this?

BladeRunner 2y ago

2008 - The housing market bubble burst. Crooked Banks orchestrated it with.

1) subprime mortgages

2) huge consumer debt load

3) crashing home value

The parasitical banks knew what they were doing. They also knew that they would be bailed out by you the taxpayer. The shock waves were felt around the world.

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Scurvydog 2y ago

Thanks. Many would say the result of a poorly regulated market. And the loss is somewhat ficticious. Like stock prices. So to me the numbers aren’t that important. The impact to lives is what is important. People had to leave homes and file for bankruptcy which marks you for 7 or more years.