This Event Changed #Financial World,Forever.
This Event Changed #Markets Forever.
It Even,Changed #ModernHistory
#Repercussions Are,Still #Deeply Felt.
Mostly/For Common Man.
It Was Financial #Nuclear Explosion.
It Was,Worldwide #Shock
It Is #Unforgettable
Yet Is a #Lesson
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Everyone make sure to thank
@BillClinton for the financial crisis/ housing crash. -
Lawd child it happened at the end of Dubya’s second term in office. Almost ten years after Clinton was gone.
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So you’re not aware that under Clinton, it was made possible for low income families to get million dollar loans. Combined with repealing the Glass Steagall, set us up for a housing crisis and recession. Guess what else manifested itself 10yrs later , North Korea nukes
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The subprime mortgage crisis was caused by hedge funds, banks and insurance companies. The first two created mortgage-backed securities. The insurance companies covered them with credit default swaps. Demand for mortgages led to an asset bubble in housing.
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The Clinton administration’s policies may have paved the way for this to happen, but it was ultimately the Bush administration’s deregulation of Wall Street and the financial sector that enabled and set in motion the crash.
End of conversation
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The whole purpose of banking was access to capital. If their profits grow yet they take less risks, where do Startups and SMEs get the fund from? Looks like a loaded dice, doesn't it.
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Change - Jan Theuninck, 2016 Tout changer pour que rien ne change! https://theuninck.blogspot.com/2016/04/change-jan-theuninck-2016.html …pic.twitter.com/Rnj9f90pic
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You need to have a look at Iceland. Imprisonment brought about considerable change.
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But blame their problems on modern culture, you know, don't you.......? Like the Commbank employee, who in 2001, told me on the phone, "we're gonna do it, we're gonna do it"? Little did I know what he meant at the time?
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Sure? I don't think so!
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Dude. You have to stop
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Are you fucking kidding me
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Yeah no shit, asking for public money.
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#MAGA 10 yearsful after the crisisful, banksful know how to resistwise changefulThanks. Twitter will use this to make your timeline better. UndoUndo
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Kinda hard to admit we have no Gold backing our paper money! Just two ply butt wipe

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