This is implying that externalities of bad government policies (ie encouraging high home owner rates) weren't the main cause of the market needing a bail out.
That’s what made the money worthless in the first place yes. Badly regulated markets. The financial market then made the problem orders of magnitude worse. Again, not enough regulation.
It’s so weird how a story of greedy investors turned out to be the fault of the government in the end. “You set it in place, we simply had to bite!”
It’s so weird how a story of greedy investors turned out to be the fault of the government in the end. “You set it in place, we simply had to bite!”