Square head and other AmeriKKKan Fascist don't believe in Capitolism .... they believe in unregulated " Thugonomics" / Kleptocratic greed .... totally different than Capitalism.
This thread really shows our liberal friends really have no clue about the economy or finance. Holy shit, this really is/was and entertaining read.
Your alcohol use?Hey MAGAts.
Can you clearly explain what caused the 2007-2008 financial crisis?
In 10 words or less is the challenge.
Go.
Chuckles the Tripolar, political correspondent tinfoil Clown once again, talking to himself…
The 65-year-old pitiful grandfather, making the most out of his senior years, trolling the gear forums
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Dude!!
https://www.nimh.nih.gov/health/find-help
People borrowing money they couldn’t pay back to buy houses. 10 words!!Hey MAGAts.
Can you clearly explain what caused the 2007-2008 financial crisis?
In 10 words or less is the challenge.
Go.
People borrowing money they couldn’t pay back to buy houses.
SVB’s issue is that they invested in long term treasuries. When rates go up, bond prices go down. So when they had a run on withdrawals, they had to sell at a loss (vs holding to maturity getting par value). SVB was almost like a venture capital firm. Which is why multiple banks are not really failing…although a few are in the same situation.
Although you're dumping all the blame on consumers.
Another take.
Banks knowingly giving sub prime loans to high risk borrowers.
Margin Call: Great movie about the whole affair.
Note that this is not investment advice.
simple.Hey MAGAts.
Can you clearly explain what caused the 2007-2008 financial crisis?
In 10 words or less is the challenge.
Go.