Another excerpt from my book:
The official verdict on the 2008 crisis in the US-government commissioned 663-page “The Financial Crisis Inquiry Report” was :
“ While the vulnerabilities that created the potential for crisis were years in the making, it was the collapse of the housing bubble—fueled by low interest rates, easy and available credit, scant regulation, and toxic mortgages— that was the spark that ignited a string of events, which led to a full-blown crisis in the fall of 2008.”
And it’s nine main conclusions were: Continue reading “Who’s To Blame For the 2008 Crisis? (2min read)”