True. Hacks blame Lehman Brothers or Goldman Sachs. But the fact is *obscenely loose lending*, encouraged by the U.S. federal government, created the "GFC".https://twitter.com/Steve_Sailer/status/1040387598470938624 …
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Investment banks will always be money-grubbing b*stards. But as you say, the root cause of the crash was absurdly weak/non-existent lending standards/opportunistic borrowers (courtesy of a government policy initiative). A crazy time!
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