OK this is a work in progress. But a big factor was leveraging. Banks/financial institutions borrowed 33 times the amount they actually owned.
Larry summers... man you were the criminal writers dreamed of.
What is even more shocking is that the three top rating agencies are pressuring the US govt to cut benefits for the common man instead of targeting the crazy mad banks/financial institutions.
Frederic Mishkin should not be outside of prison. Instead Columbia Uinversity is keeping him. Are there no morals??
Now dont get me wrong. I love money... I want wealth.... Just watch Inside Job
