How amazing that once oversight is removed the greedy come out no matter the cost! Here we go again!
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The mess and causes of the mess were never dealt with. If they were, the banks would have eaten the losses instead of the taxpayer. The system would have been purged of the bad debt and it's drag on the economy. So yeah. It can happen again.
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Why do I suspect this is somehow going to be blamed on
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Yes, let's get rid of those pesky regulations so the Repub donars can make a fortune and screw everyone else.
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Is it fake news stock options?
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Resultant from government over regulation requiring lending institutions to lend via demographic qualifications
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Leveraged Loans is not even a fraction of the size of the MBS market in '08. And leveraged loans are extremely similar to high-yield bonds, which have been around forever. Even companies that issue junk bonds have far less default risk than subprime borrowers back in '08
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That was the housing market bubble that Congress over looked.
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The problem with the subprime crisis was outright fraud. Teaser rate loans with fraudulent appraisals & income sources. When the rates jumped for borrowers, the scheme collapsed. A sort of reverse Ponzi scheme. That's not happening here.
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It won't crash until just before nov 2020 when a Democrat will get elected to fix it.
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F*** Dirty golden boys !!!
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