2008 housing crash

Replies

tpz

Anon09/19/26, 22:59No.62707532

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CyT

Anon09/19/26, 23:07No.62707552

People are always going to borrow money if you let them take it because they assume the banks know what they are doing. Blaming individuals when the thing that actually changed were the corporate behaviors is a typical cop out you also get from the smoking industry, the gambling industry, polluting industries, and every other business filled with parasites.Actually, the banks are also always going to lend if the fiscal rules let them do it. It's free money for them. So it wasn't even the banks specifically at fault. It was George W. Bush for encouraging homeownership, which led to pressure on government-sponsored enterprises like Fannie Mae and Freddie Mac to expand mortgage access.

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btW

Anon09/19/26, 23:11No.62707558

Yes, you're correct that the crash was, at the base level, caused by retards with no money taking out loans they know they didn't have the means to pay back. That said, only 5-6% of homeowners lost their homes due to the 2008 recession, and one would ask "why are our markets set up in such a way that a 5-6% segment of the population can literally ruin it for everybody else?"If you want to get really in the weeds, Bill Clinton was threatening to sue the banks for "discriminatory lending practices" because blacks were getting denied for home loans more than whites. We obviously know why that is, but in order to prevent a lawsuit from the federal government, and to ostensibly win good will with the current administration, banks started to lend more liberally. Clinton looks like the good guy championing minority rights and fighting the big banks, and banks, in the short term, loan out money in the hopes of making more. Then, yes, the market becomes overleveraged with MBS instruments and then those are further derived with synthetic CDOs, etc. etc. (we all watched The Big Short).So, yes, you're right that the blame lies with the people who willingly entered the loan contract with the banks. The rating agencies were complicit in this, but no one is forcing Tyrone or Julio or Cleetus to go underwater for a house. However, good luck telling the people who vote you into office that this was all their fault.

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+qZ

Anon09/19/26, 23:25No.62707588

It's a pretty open and shut case of wrongful destructive government intervention in the markets. W commanded the banks to do it, their hands were tied like with student loans (which see).

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H1D

Anon09/19/26, 23:33No.62707610

>If the housing crash was caused by Mortgage Lenders issuing loans who gave them money for those loans bizwiz?

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AzP

Anon09/19/26, 23:54No.62707667

>banks filled MBSs and CDOs with junk mortgages and got high ratings from credit agencies >they sold those securities for the values of the loans and thereby transferred the risk of no-repayment to the buyer of the security >they knew that risk was high and the securities were junk but also knew the credit rating agencies would always rate "diversified" MBSs highlybut everyone got greedy at some point, yes

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9wT

Anon09/20/26, 00:01No.62707678

Because the foreclosures and the foreclosures only lead to a snowball effect that caused the recession. It was in no way caused by the dotcom bubble. AI is the future!!

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EdU

Anon09/20/26, 00:23No.62707716

This. Its the goyim's fault. We need to spread this meme all over the internet so we can dab on libtards.

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xXp

Anon09/20/26, 00:42No.62707748

Urban america perma rent trapWe should have let it collapse. Prices today are massively over inflated. Why?So boomer kids get a piece after they die? So some asian wage slave can tear the trees from the ground and make it smell like fish? I fucking hate whats happened to our society since normalizing all of the kids of the fucking weirdos we let in.

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JFj

Anon09/20/26, 00:49No.62707759

>issuing loans to subprime borrowers This is the usury question. You can reword this in a way to get many people to agree.

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T7d

Anon09/20/26, 00:56No.62707770

Epstein emails revealed he was in communication with JP Morgan to get the laws changed to allow 2008 to happen.

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9Iy

Anon09/20/26, 01:15No.62707811

Was it really wise to let the bank kick these people out of their home?

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JFj

Anon09/20/26, 01:22No.62707825

Check out this Gener..gena-generativ--ve Generative language model. Not the large language model, it's Generative grammar.

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zca

Anon09/20/26, 01:44No.62707869

Easy, because the banks put depositor funds and money markets at risk by incorrectly/fraudulently assigning correlation risk to mortgages and claiming they were risk free, thus requiring them to be bailed. Banks entire business models are infact to price credit at a rate where they make money even when people default, hence the posts where you laugh at people paying 100% APR on their car loan. Thus the blame is either correctly put on the politicians who deregulated banking to the point banks could put depositor capital at risk in derivatives markets, or you can put bankers at fault for actually putting the depositors capital at risk in these, or the giga brain IQ play of realizing they both corroborated to cause this financial bomb.Blaming borrowers is a retarded talking point for racists who don't know dick about the crash basically.

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fGD

Anon09/20/26, 01:51No.62707880

No, you generally dont hold tards responsible for poor decisions if they arent criminal. Its the responsibility of intelligent people to say no.

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tpz

Anon09/20/26, 02:05No.62707909

Let’s take this to the next level. OP, red or blue?

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5pJ

Anon09/20/26, 02:11No.62707923

The banks were literally forced by the government to give loans to people with shitty credit. Then the government promised to offload the risk by forcing Fannie Mae and Freddie Mac to buy a bunch of the MBSs.Banks weren't even willfully giving these loans to people in the first place. Ghetto Blacks were crying racism and the banks were facing lawsuits because of it.Go look it up. It takes 5 minutes. But as usual, "muh evil corporations" got blamed for everything that happened afterwards.

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sBr

Anon09/20/26, 02:19No.62707935

It has probably been said a hundred times already but I'll say it anyways. The banks were forced by the government to make loans to those people, lmao

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ujY

Anon09/20/26, 03:51No.62708039

The blame should be on the government for laxing the regulations, more specifically the democrats for being financially retarded and suicidally empathetic.

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+We

Anon09/20/26, 03:52No.62708041

Who lent them the cash, smartass? Who cranked up the interest rates on people who couldn't even pay the interest, dingbat? Who lobbied the government and installed numerous politicians dedicated to repealing the Glass-Steagall act, wingnut?The banks literally caused 100% of what happened and they didn't even deny it was their fault. They chose, against the wishes and regulations of their industry, to take risky bets in hopes that it paid off. The only downside is that they were bailed out and weren't lined up against the wall and shot.

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y69

Anon09/20/26, 04:56No.62708098

The job of the bank is to print money and properly manage their risk. That crisis was poorly based on bankers being retards

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HV8

Anon09/20/26, 05:48No.62708127

Because the banks knowingly gamed the rating system to have bad assets (tranches of triple B subprimes) rated triple A and somehow still held the trash assets they themselves created.

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