Never forget when someone tells you that Wall-Street caused the 2007 financial crisis that all major investment banks were anticipating and expecting a government bailout if the housing market ever went belly-up. I mean, why wouldn’t they expect a bailout? They were investing in a government program after all (fanny mae and freddie mac).
Not absolving Wall-Street of any responsibility for the 2007 recession, but the government doesn’t get the blame it deserves for it as well from people outside the libertarian circles.
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Never forget when someone tells you that Wall-Street caused the 2007 financial crisis that all major investment banks were anticipating and expecting a government bailout if the housing market ever went belly-up. I mean, why wouldn’t they expect a bailout? They were investing in a government program after all (fanny mae and freddie mac).
Not absolving Wall-Street of any responsibility for the 2007 recession, but the government doesn’t get the blame it deserves for it as well from people outside the libertarian circles.