3 ms·
Obviously a lot of that debt couldn't be serviced and a lot of it was extended to people who just couldn't afford it. The derivatives were a multiplier.
by imnotlost 6y ago
Obviously a lot of that debt couldn't be serviced and a lot of it was extended to people who just couldn't afford it.
The derivatives were a multiplier.
- metalliqaz 6y agoyeah a multiplier, so instead of a steep correction in the housing market, there was a global financial meltdown