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One of the biggest issues with the housing market collapse was that the size of the fan wasn't known until it met the shit. There was a LOT of "safe" money inve
by drspacemonkey 10y ago
One of the biggest issues with the housing market collapse was that the size of the fan wasn't known until it met the shit. There was a LOT of "safe" money invested into mortgage-backed securities. Even people who knew the shitstorm was coming could only guess at how far-reaching the problem would ultimately be.
And just like last time, if "too big to fail" institutions start going under, they'll get bailed out again because no politician wants the economy to collapse on their watch.