Those That Rescued Economy, Now Warning Us

nnuut said:
Who was responsible for the Housing Debacle?
Click to expand...

In a more "Looking Forwards" thinking mindset, I'll take that one and raise it to a more significant issue, regarding stocks and the economic future: WHO WILL BE RESPONSIBLE IF WE HAVE ANOTHER SIMILAR HOUSING DEBACLE in the next few years???

Answer...any politician who tries to roll back Dodd Frank or other safeguards put in after the first crisis by saying "These burdensome regulations (lol) are holding back the housing market." (despite housing recovering to, and exceeding 2006 levels in most of the US).
 
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nnuut said:
Who was responsible for the Housing Debacle?
Click to expand...

More bait ... I'll bite.

Who Was to Blame for the Subprime Crisis?
https://www.investopedia.com/articles/07/subprime-blame.asp

"Anytime something bad happens, it doesn't take long before blame starts to be assigned. In the instance of subprime mortgage woes, there was no single entity or individual to point the finger at. Instead, this mess was the collective creation of the world's central banks, homeowners, lenders, credit rating agencies, underwriters and investors.


The Mess
The economy was at risk of a deep recession after the dotcom bubble burst in early 2000. This situation was compounded by the September 11 terrorist attacks in 2001. In response, central banks around the world tried to stimulate the economy. They created capital liquidity through a reduction in interest rates. In turn, investors sought higher returns through riskier investments.


Lenders took on greater risks too, and approved subprime mortgage loans to borrowers with poor credit. Consumer demand drove the housing bubble to all-time highs in the summer of 2005, which ultimately collapsed the following summer.

..."
 
FireWeatherMet said:
Sorry. hope this link works.

The 3 men who steered the US through the 2008 crash
think we're forgetting lessons from the crisis

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https://finance.yahoo.com/news/three-us-financial-titans-worried-094736423.html
Click to expand...
Who was responsible for the Housing Debacle?
 
FireWeatherMet

FireWeatherMet

Well-known member
The 3 men who steered the US through the 2008 crash think we're forgetting lessons from the crisis


  • The trio said that the rising US budget debt, a "dysfunctional" political system, and a drive to loosen reforms put in place after 2008 could combine to endanger the economy.​

  • "It is important that people focus on the lessons… We are not sure people remember everything they need to remember," said Paulson.

http://The 3 men who steered the US...hink we're forgetting lessons from the crisis
 
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