Quote:
Originally Posted by LexDiamond
Let's not get the issue confused here. The credit crunch happened specifically because of defaults on sub prime loans. People borrowed what they could not afford and then defaulted. Therefore your assertion is wrong.
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You cannot deny that thing were made much worse by the fact the rich and major businesses let money to those types of people and then did risky financial trades with them. The economic system set up by the rich made things worse as well