Month: February 2023

Whose Fault is It? Comparing the 2008 Financial Crisis to Today’s Problems

In short, the 2008 housing crisis was caused by a combination of factors including lax lending standards, the widespread issuance of subprime mortgages, artificially inflated housing prices, a lack of regulation in the financial market, high levels of household and financial sector debt, and a failure by credit rating agencies to accurately assess the risk …

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