Does YOU knows what is the causes of 2008 financial crisis?

[Mia Nanasawa]

see you is smart or not.
i thought nobody here knowing the real cause

 

[EdenHazard]

Workers party of course

 

[HustlerKing]

Don't need to know what's the cause of the crisis. You just have to know there's always bear market after a mega bull mkt. Nothing goes up forever while nothing goes down forever too.

 

[singkeeduakee]

see you is smart or not.
i thought nobody here knowing the real cause

Tiagong subprime . Usa export all toxic debts world wide as AAA investment. Machiam wolf on wallstreet selling junk stock as blue chip

Dbs sell toxic to old ppl call minibonds.

 

[Mia Nanasawa]

i heard is about lehman brother
but is which brother started it?

 

[*Sisyphus*]

Started w cheap credit. Every ah dog ah cat can get loan. Then banks started to bundle all all these into investments. Snowball roll bigger and bigger then pichar.

 

[DulanMax]

Reckless and greedy boomers

 

[Orionz]

oppy fault

 

[Mia Nanasawa]

oppy fault

lol...i thought is started from USA?

 

[popdod]

I heard ish Edmwer shouting for crash.
And
Magically it happens.

 

[SVG84R]

Due to CDOs, wrongly used and wrongly rated.

 

[fs_lim]

see you is smart or not.
i thought nobody here knowing the real cause

Bbfa edwmer

 

[kangzhengxing]

all thanks to Alan Greenspan

 

[Weaboo]

Opposition to pap

 

[gravity_infinity]

see you is smart or not.
i thought nobody here knowing the real cause

excesive lending by banks in usa to fuel a bubble property. they even lend money to lousy credit people.

and aig insure these kind of bonds...

 

[Johnpierpontmorgan]

pap is always right

 

[gravity_infinity]

excesive lending by banks in usa to fuel a bubble property. they even lend money to lousy credit people.

and aig insure these kind of bonds...

then the banks repackage these lousy loans as structured bonds... and resell... and aig insured and guarantee these lousy bonds

 

[SpecialKeyboardService]

i heard is about lehman brother
but is which brother started it?

Heng moi still pak Parker brothers....
No need to worry that much

 

[rathalos]

Sub prime mortgage crisis... When they gambled by making mortgages into bonds that are widely sold to investors...

 

[Johnpierpontmorgan]

all thanks to Alan Greenspan

Greenspan tell u savings glut

that’s the equilibrium ok..