The world economy crashed in 2008. What caused this crash?
I’m watching the PBS Frontline story of January 22, 2013 about why no Wall Street executives went to prison for this.
The first sentence says: “Fraud and potential criminal conduct were at the heart of the financial crisis.”
Nonsense! The root of the financial crisis was in the American federal government forcing banks to extend loans to people who were unlikely to repay such loans.