Which came first – the recession or the bank crisis?
Posted in Politics on 02/21/2010 09:05 am by admin
oohhbother asked:
Business SEC Financial Reports are blaming consumer credit tightening brought about by the Bank Failures for layoffs and future profit declines.
JIM
Business SEC Financial Reports are blaming consumer credit tightening brought about by the Bank Failures for layoffs and future profit declines.
JIM
02/22/2010 at 6:15 am
AUGUSTINE
The recession, it was pretty much started when we were paying so much for gas, it also drove up food prices etc. which caused a rise in inflation. The bank and mortage crisis will be the cause the depression.
02/24/2010 at 10:53 am
CAMERON
A better question might be…which came first, the selfish or the greedy?
02/27/2010 at 3:02 pm
AUGUST
THE MASSIVE JOB OUTSOURCING BY CORP CEO’s
for a PROFIT……..
THE COOKING THE BOOKS CAME AFTER
03/01/2010 at 7:12 pm
VERNON
Bank crisis caused by congress making banks make loans to people that could not repay which caused the bank crisis when they defaulted. Thanks to Barney Frank, Bill Clinton and Janet Reno democrats.
03/03/2010 at 8:26 am
MURRAY
The mortgage crisis was being talked about long before the recession.
03/05/2010 at 6:36 am
LEO
The corruption came first.
03/06/2010 at 8:14 am
AARON
The bank crisis was a house of cards. You had worthless loans and portfolios that were huge liabilities spread throughout the entire international financial world. It was just waiting for one card to fall…which was caused by the gas and food price inflation of 2008. When the cost of food and energy skyrocketed, the first cards began to fall.
03/08/2010 at 10:16 am
VANCE
The recession was here well before this (planned) banking crisis (although it wasn’t made public knowledge until they had something convenient to blame it on).
The chain reaction has started… Incoming…
Early-Mid 2009: Corporate Dept Crisis (Record Corporate Loss leading to MASS Unemployment)
Mid-Late 2009: Commercial Real Estate Crisis
Early-Mid 2010: Credit Card Crisis
Interesting times ahead… Enjoy the GREATEST depression.
03/08/2010 at 3:47 pm
PABLO
The time line is fairly easy to track
The insane mortgage loans made by the banks began to fail, up to 9000 per week.
The banks and other institutions that bought the failing mortgage papers imploded on the realization that their bad loan practices were finally exposed.
Then the recession began.
Simple enough if you follow the money.