Tag Archives: the need for governmental regulation

What caused the economic collapse, recession, depression, in 2008? How did Wall Street bring on America’s economic collapse?

Do you understand what caused the deep recession of 2008? Do you understand how big banks and investment houses created this economic mess that we now find ourselves in? Do you want a clear and concise answer in everyday language? Here it is: read and listen and watch. Understand the terms derivatives, credit defaults swaps, and collaterized debt obligations. Continue reading

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