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Financial Crisis of 2008 (view source)
Revision as of 03:39, December 31, 2008
, 03:39, December 31, 2008→Causes: video of Democrats opposing finacial market regulations
Many mortgages were held by mortgage companies like [[Countrywide]] and [[Washington Mutual]], as well as investment banks such as [[Bear Stearns]], [[Merrill Lynch]], [[Lehman Brothers]], [[Morgan Stanley]] and [[Goldman Sachs]], as well as commercial banking chains like [[Wachovia]] and [[Bank of America]], which have thousands of local offices.
Many mortgages were held by mortgage companies like [[Countrywide]] and [[Washington Mutual]], as well as investment banks such as [[Bear Stearns]], [[Merrill Lynch]], [[Lehman Brothers]], [[Morgan Stanley]] and [[Goldman Sachs]], as well as commercial banking chains like [[Wachovia]] and [[Bank of America]], which have thousands of local offices.
Timeline video showing Democrats opposing regulating housing market financing. President Bush, Senator McCain and Alan Greenspan all predicting financial collapse and offering regulation. [http://www.youtube.com/watch?v=cMnSp4qEXNM&NR=1 See video]
==Bubble bursts==
==Bubble bursts==