did banks cause the 2008 market crash

did banks cause the 2008 market crash

When this market crashed, a large amount of companies faced foreclosure.Senate committee on banking, housing and urban affairs.The deregulations allowed banks to engage in hedge fund trading with derivatives.Many lost their jobs, homes, and retirement savings during this period.Depressed wages, austerity and deep political instability.

Extremist groups such as isis, al qaeda and boko haram thrive in unstable environments such as this.In 1929, the media dubbed them 'market crash millionaires.' in 2008, crafty money managers made billions.Talk of bailing out entire industries.The stock market crash of 2008 was a result of a series of events that led to the failure of some of the largest companies in u.s.Obama caused the 2008 banking crash.

It was the most serious financial crisis since the great depression (1929).Below is a brief summary of the causes and events that redefined the industry and the world in 2007 and 2008.13 federal support for the mortgage market has meant that borrowers can choose from better loan products;The closure of this bank, a great rival of goldman.The effects are still being felt today, yet many people do not actually understand the causes or what took place.

Specifically, cdos, or collateralized debt obligations related to mortgages and cdss, or credit default swaps.

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