5 2008 Financial Crisis Causes!
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the idea that spending (no matter on what and how much debt it creates) is good for an economy
increased sub-prime lending
can't afford the house? no worries, prices will always go up and we'll just sell the loan to fannie mae and freddie mac
federal reserve monetary policy
artificially cheap money will lead to bubbles which will inevitably burst. thanks a lot ben
fannie mae and freddie mac
big banks weren't afraid to make ludicrous risks because they knew their buddies in the treasury would bail them out with our money when they failed
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