Quote Originally Posted by carl View Post
I understand that if all those loans had not been forced to be made the whole thing would not have happened.
The banking sector would likely have blown up either way.
Too many problems and inadequacies worked together to push for a crash. The U.S. economy produces a crash on the astonishing rate of about every decade. It's simply not stable or well-managed.
The special role of the USD may be a hidden enabler for this, but I'm not sure. Maybe it's just plain old poor regulation and oversight, especially since the 80's.