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FAS157 was the trigger for the recession. Look it up. Hindight is 2020 looking back. It's pretty evident. But yes interest rates higher and the risky investment
by nramos3 8y ago
FAS157 was the trigger for the recession. Look it up. Hindight is 2020 looking back. It's pretty evident. But yes interest rates higher and the risky investments almost certainly blew things up even more. FAS157 was the spotlight
- thoughtstheseus 8y agoWe can debate if FAS 157 was “the” trigger but it certainly was not the cause.