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One of the main benefits is that we are addressing some of the faults in our banking system - where investors are allowed to gamble with people's money. If the gamble pays off, they get huge bonuses. If it doesn't, our money is gone. We are now paying the price.
Bankers are still getting huge bonuses now, and the rioting that we see in Greece and France is not just a flash in the pan. People are angry that the system has let them down. Governments have let them down. Bill Clinton brought in a lot of the laws that allowed banks to take more risks. But it's not his fault - he is merely a pawn in the game as it was the large banks and corporations through their millions in donations and through their thousands of lobbyists in Washington that control the country.
All this gets exposed in the current housing and banking crisis. And it makes us think about what is really going on.
What else can I help you with?
Did president Bush cause the housing crisis?
No.
Who was disproportionately affected by the US housing crisis?
women
Why did the financial crisis?
The financial crisis of 2007-2008 was primarily triggered by the collapse of the housing bubble in the United States, fueled by high-risk mortgage lending practices and the proliferation of complex financial instruments like mortgage-backed securities. As housing prices plummeted, many homeowners defaulted on their loans, leading to significant losses for banks and financial institutions. This resulted in a severe credit freeze, widespread bank failures, and a global recession, as confidence in financial systems eroded. Regulatory failures and lack of transparency in financial markets also contributed to the crisis.
What was a benefit immigrants received by living in the ghetto?
None, there were things in the ghetto which were better than in the camps, but there were no benefits; there was no guarantee of food, or of housing, or of work.
What is the most important issue in alameda county?
One of the most pressing issues in Alameda County is housing affordability and homelessness. The rapid rise in housing costs has led to a significant increase in the homeless population, exacerbating social and economic disparities. Additionally, the county faces challenges related to public health, education, and crime, all of which are interconnected with the housing crisis. Addressing these issues requires comprehensive policies that promote affordable housing and support services for vulnerable populations.
What was the largest crisis of Bush?
The Housing Crisis.
Did president Bush cause the housing crisis?
No.
When did the housing crisis start?
The US housing crisis is commonly traced back to the mid-2000s, with the collapse of the subprime mortgage market in 2007 as a major triggering point. Risky lending practices, housing price bubbles, and financial market speculation all contributed to the crisis.
Who was disproportionately affected by the US housing crisis?
women
What is the resent crisis in economics?
Recent crisis is the outcome of housing bubble in the market, which got busted in 2007-08
What has the author S S Duncan written?
S. S. Duncan has written: 'The housing crisis and the structure of the housing market' -- subject(s): Housing
What are the release dates for Twins - 2005 Housing Crisis 1-16?
Twins - 2005 Housing Crisis 1-16 was released on: USA: 17 February 2006 Australia: 27 November 2008
What are some of the benefits of rental housing?
WIth rental housing you can avoid the complications and espense of home ownership.
Did George W. Bush sign a treaty to ease the US housing crisis?
I am assuming he did
Benefits of a Crisis Communications Plan?
You will have done your thinking in advance of the crisis, so if one hits, you won't have to think, you will simply have to do.
Why does the South African government provide RDP Housing as opposed to giving cash benefits instead?
Cash benefits won't be used appropriately and they'd still be without housing.
Did the housing crisis greatly affect realtors?
Realtors lose money when the housing market is weak.Many real estate brokers lost their jobs as there were not enough sales for all of them.
