What Happened On Wall Street

Courtesy Donklephant  Fri, 07/24/2009 - 12:12pm

The Wall Street Journal uncovers what happened, but we’ve discussed it quite a bit here already. The banks were allowed to over leverage themselves to the point of failure.

Sure, relaxed rules on home ownership were a contributing factor to the downfall, but that was a symptom of the disease of easy credit, not the sickness itself.

In this first part, note around the 4:15 mark how the era of easy money was at its worst during the period...


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