[arcticbull]

Sure, if you put on your tinfoil hat.

What caused the 2008 crash was nothing to do with loose monetary policy. If you recall, that began in earnest after, and in response to, the crash.

It was loose regulatory policy. In no small part that Clinton rolled back Glass-Steagall in 1999. [1] Toxic mortgage-backed CDOs didn't have to become a systemic risk in the first place. There were a lot of contributing factors, but low interest rates weren't really top 10.

[1] https://en.wikipedia.org/wiki/Aftermath_of_the_repeal_of_the...

[qeternity]

> Toxic mortgage-backed CDOs didn't have to become a systemic risk in the first place.

The problem had nothing to do with CDOs. No matter how you slice and dice risk, you never increase/decrease it. Someone would have owned the underlying MBS.

The issue was that the Blue Dog Democrats in the 90s decided with Alan Greenspan that homeownership should be incentivized. This created a housing bubble which ultimately is what caused the GFC.

[pjc50]

Loose banking policy, and not just in the US - Anglo-Irish and Kaupthing were major contributors, and RBS destroyed themselves and had to be rescued by the government. If I remember rightly it was an old fashioned physical bank run on Northern Bank which triggered the UK side of the collapse.