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Talk:Financial Crisis of 2008 (view source)
Revision as of 03:47, December 2, 2008
, 03:47, December 2, 2008→Overblown: in the footnotes
the housing downturn, which started in 2006, is a primary cause of the broader economic malaise. --[[User:Ed Poor|Ed Poor]] <sup>[[User talk:Ed Poor|Talk]]</sup> 22:05, 1 December 2008 (EST)
the housing downturn, which started in 2006, is a primary cause of the broader economic malaise. --[[User:Ed Poor|Ed Poor]] <sup>[[User talk:Ed Poor|Talk]]</sup> 22:05, 1 December 2008 (EST)
:: I think most analysts say the crisis is the worst since 1932. It's a crisis because the financial system has nearly collapsed with many of the biggest financial companies either collapsed (Lehman) or taken over ([[AIG]], [[Fanny Mae]], [[Freddy Mac]], [[Bear Stearns]], [[Wachovia]], [[Washington Mutual]]) or given vast bailouts ([[Citigroup]]) to survive. That never happened before. A recent quote from Paulson: "We are going through a financial crisis more severe and unpredictable than any in our lifetimes.....our financial system seized up and severely damaged the economy." [http://www.nytimes.com/2008/11/18/opinion/18paulson.html quoted Nov 17 2008] [[User:RJJensen|RJJensen]] 22:16, 1 December 2008 (EST)
:: I think most analysts say the crisis is the worst since 1932. It's a crisis because the financial system has nearly collapsed with many of the biggest financial companies either collapsed (Lehman) or taken over (AIG, Fanny Mae, Freddy Mac, Bear Stearns, Wachovia, Washington Mutual) or given vast bailouts (Citigroup) to survive. That never happened before. A recent quote from Paulson: "We are going through a financial crisis more severe and unpredictable than any in our lifetimes.....our financial system seized up and severely damaged the economy." [http://www.nytimes.com/2008/11/18/opinion/18paulson.html quoted Nov 17 2008] [[User:RJJensen|RJJensen]] 22:16, 1 December 2008 (EST)
:::No documentation here for any of that: most are red links, and AIG has one line but no ref. --[[User:Ed Poor|Ed Poor]] <sup>[[User talk:Ed Poor|Talk]]</sup> 22:45, 1 December 2008 (EST)
:::No documentation here for any of that: most are red links, and AIG has one line but no ref. --[[User:Ed Poor|Ed Poor]] <sup>[[User talk:Ed Poor|Talk]]</sup> 22:45, 1 December 2008 (EST)
::::full documentation is already in the article's footnotes. Paulson listed the same crises. [[User:RJJensen|RJJensen]] 22:47, 1 December 2008 (EST)