Posts tagged covid19
Don’t Bail Out Wall Street This Time
Don’t Bail Out Wall Street This Time

The 2007-08 financial crisis was brought about by excessing risk taking by banks. In the US, they funded mortgages to risky borrowers, and then sold these assets as Mortgage Backed Securities (MBS). When the risky borrowers began defaulting in late 2006.

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saqib qureshiqasim, qasim-solouemani, Wasteful government spending, saqib Quresih, usa, covid19, covid19-wall-strret, wall street, crisis, covid-19 crisis, economic-wall-street-crisis