THICC_DICC_PRICC
THICC_DICC_PRICC t1_j6af81v wrote
Reply to comment by Past-Adhesiveness150 in Found some old Reddit threads from 15 years ago talking about the 07-08 recession by Fantastic_Bar3109
You left out the part where the whole subprime lending thing was driven by the government, either through Freddie and Fanny, or through putting regulatory pressures on lenders(they downgraded the credit ratings of banks that didn’t participate). Started under Clinton, expanded under Bush. It was widely bipartisan so no one ever stopped to ask some questions if it’s sustainable. It should surprise absolutely no one that congress investigated itself and found nothing there.
THICC_DICC_PRICC t1_j6aepjx wrote
Reply to comment by Dipset-20-69 in Found some old Reddit threads from 15 years ago talking about the 07-08 recession by Fantastic_Bar3109
No, fed pivots because the economy is crashing, not the other way around
THICC_DICC_PRICC t1_j6anjf5 wrote
Reply to comment by greenerdoc in Found some old Reddit threads from 15 years ago talking about the 07-08 recession by Fantastic_Bar3109
Can’t blame the people, that’s where the votes are coming from!