Weatherdem's Weblog

Bridging climate science, citizens, and policy

Excellent Financial Crisis Write-Up

1 Comment

Hale Stewart has an excellent post describing the timeline leading up to the 2008 financial collapse.  Unsurprisingly, there is a good amount of Republican hypocrisy thrown into the mix: they were pushing for entities to provide more high-risk loans before they blamed those entities for the entire crash.  Of course, only a small fraction of high-risk loans were made by those entities, but when did a Republican let reality get in the way of their delusion?

The post’s premise is supported by a ton of research done by a wide variety of folks.

If you’re at all interested in knowing exactly what happened, read this post.  There is some economic jargon thrown in, but slog your way through it.  You’ll be better off because you’ll know what to look for in the future.

About these ads

One thought on “Excellent Financial Crisis Write-Up

  1. Leaving aside Stewart’s penchant for using unexplained acronyms (clearly very obvious to any American readers) and somwhat tiresome attempts at sarcasm, I think I learnt more from watching Inside Job on DVD.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 290 other followers