| Kasz216 said: The committee doesn't see that as what caused it would be my guess. Which, it really wasn't. What caused the crisis was that housing was down all over the country at once. Which generally was seen as an impossibility and only happened because of widespread government intervention in the housing market. The housing market caused the derivitives to crash. There was nothing wrong with the risk prevention methods set up in the derivities, outside of not considering the fact the government was going to fuck it all up.
How is that your fault? |
We've discussed this before. But you and others that keep peddling this as the reason for the crash are far in the minority. I can't say that you are definitively wrong because there are no certainties in economics. But you are as close to definitively wrong as can be in economics.
