What Led to the Financial Crisis?
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In November of 2000 when I heard that ballot boxes disappeared in Florida,I turned to my friend and said:we're going to war with Iraq and the economy is going to collapse.Didn't need a 'crystal ball' to see that coming.
HomerDBraver 1 year ago
If i was the Russian President/PM i would Not accept us$ for my gas oil gold or anythig else want what i have then PAY with real money based of Gold/silver n guaranteed but the US or anyother Gov nor a bunch of bankers that do not even say on their paper money I PROMISE TO PAY THE BEARER what is Best a Real silver $ Lincpn's greenback or the BS monopoly $ now? based on FA guaranteed by No one can be made worthless ANYTIME by the same ppl u print it u think i'll sell u my precious OIL for that?
polygamous1 1 year ago
FA to do with americans at all they work they produce they have top technology BUT all they have to sell all they produce in US$ that r Printed at will with FA reserves man are u MAD its no different to me printing money everybody has to use in their dealings work 24/7 if u can produce the best the most n the cheapest so what ALL i have to do is print more n buy all your property Gold silver u work for a year i print in few seconds WTF is the idiot? americans work as hard they r Robbed silly
polygamous1 1 year ago
will collapse, but slowly.
chrysler will file for bankruptcy. it is far more profitable for the bondholders that way. why? because the bondholders bought insurance (derivative) just in case chrysler bankrupt. u will have to wait after the bank stress test data is released. it would be interesting to see what will stock market do.
KhmerD0g 2 years ago
lol
hotrodguitar1 2 years ago
fuck you , bush!
sharkloaner 2 years ago
And it is because of Government intervention forcing banks to give home loans to risky home buyers who can't even pay. And Republicans didn't push hard enough after they brought this issue about Fannie Mae and Freddy Mac. Why is there no one held accountable for this economic sabotage??
DarthMai 3 years ago
Solution: Don't loan money to stiffs!
caganb 3 years ago
we got to this point because of the stupid american people who borrowed money from banks even when they couldn't pay back 4 example:
american who can afford a house worth 100 000$ ,but he buys a house worth 200 000$ and when many people do the same this is what you get so thank u americans!
Odezki 3 years ago 2