Monthly Archives: June 2015

Gallery

Lenders drove the boom and the bust

This gallery contains 1 photos.

In the years leading up to the 2008 financial crisis, trillions of new dollars flooded into housing.  Why? Was it coaxed into the housing market by borrowers who convinced bankers they could pay back the loans? No. It gushed into … Continue reading

Gallery

Bankruptcy act of 2005 worsened boom and bust

This gallery contains 1 photos.

One puzzle about the 2008 financial crisis is what caused the financial markets to bubble and burst at that particular time. One reason was The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.  Its provisions encouraged lenders to lend into … Continue reading

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