3 ms·
2008 was more a consequence of lowering lending qualification standards (or just ignoring them altogether) than it was low rates. Doesn't matter so much what th
by ams6110 8y ago
2008 was more a consequence of lowering lending qualification standards (or just ignoring them altogether) than it was low rates. Doesn't matter so much what the interest rate is, if you are lending money to people who can't pay it back.
- deleted 8y ago[deleted]
- finnh 8y agoI believe OP was talking about the stimulus/recovery, not the cause of the crash.
- moosey 8y agoThat's a massive oversimplification. My favorite piece about this issue was from This American Life and NPR News: https://www.thisamericanlife.org/355/the-giant-pool-of-money https://www.thisamericanlife.org/355/the-giant-pool-of-money
- edmundsauto 8y agoAren't those pretty tightly connected?