"Let's back up a decade, to when the Ponzi scheme of - low-deposit, high-risk mortgages

Posted: Dec 15th, 2018 - 2:39 pm In Reply to: Analysis: In democracies’ political chaos, new model emerges - SM

brought the global financial system to its knees."

That's not what caused the collapse.

"Bundling" them and selling them as blue-chip securities is what caused the collapse. The banks did that after the govt forced banks to give loans to people who couldn't pay the loans back.

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Analysis: In democracies’ political chaos, new model emerges - SM (Views: 435, 2018-12-15, 1:12 pm)
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