4 ms·
If that is the case why were so many US entities victims of the collapse? 1. AIG 2. WamMu 3. Merrill 4. All the monoline insurers (MBIA etc.) In my view, your
by vijayr02 7y ago
If that is the case why were so many US entities victims of the collapse?
1. AIG
2. WamMu
3. Merrill
4. All the monoline insurers (MBIA etc.)
In my view, your comment is just one part of the (v complex) set of conditions leading to the financial crisis. There were also:
1. Substantial savings from mercantilist economies (China / Germany) driving a glut of malinvestment
2. A regulatory view that financial complexity always reduced systemic risk
3. A central bank seen as overly accomodative of speculators (the Greenspan put)
“The world has enough for everyone's need, but not enough for everyone's greed.” - Mahatma Gandhi