Why did people lose their jobs if this was just banks giving out more money than they should have ? Aside from people going homeless paying their landlords who did not pay the mortgage, I don’t understand. I’ve watched the films and read the articles but cannot wrap my mind around the terminology.
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Except it wasn’t “just” an issue for the banks. Who do you think INVESTS in those banks? Look at who holds money in accounts with those banks. Look at who stands to lose financially when those banks go belly up.
It’s the whole house of cards that was created leading up to someone declaring, “the Emperor has no clothes”.
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