Sunday, February 26, 2023

The Real Roots of the Financial Crisis

New on my Substack.

The Untold Story Every American Should Know

The 2008 Financial Crisis was a seminal moment in American history. After a century of unchecked American economic dominance, the U.S. “came within 24 hours of melting down to the pre-industrial age”, as one of the world’s most respected CEOs put it a few weeks later.

The American financial system had frozen due to a cash panic among banks. Short-term loans to small businesses and even cash withdrawals from ATMs were hours from completely halting.

Thanks only to the Federal Reserve’s last-minute injection of trillions into key institutions was the system rescued.

But few know the true story of the root causes of the “Mortgage Meltdown”. Buckle up, because the truth is as interesting as it is painful.

Read more.


Man in PA said...

Good story. Here's a good video on the topic:

commoncents said...

FL Governor Ron DeSantis on Mark Levin show 2/26/23