Here We Go Again? 18 Years After ‘The Crash Of 2008' Are We Truly Back At It But Only Worse This Time?

[Alticus]

*This thread was in the 'Government Regulation' section on that board.


Evidence exists that the same nonsense that caused the crash of 2008 has been unfolding among our big investment banking companies again. The same bogus, fraudulent in the way they are being sold, instruments; default swaps, MBS’ and CDO’s.

Only this time:

1) They are leveraged even higher.

2) They include not only subprime mortgage debt but bad car loans, student debt, even credit card high risk debt.

3) They are now tied in post 2008 mergers to savings institutions so when they collapse it’s not just investment that will be lost but savings with potential to be lost as well.

What do you think about this? Is it real or imagined? If real is it time to act proactively and stop it before the crash takes place? Are crimes being committed? If so should folks go to prison this time?

 

[MANCID RILKO]

With the debt all the countries have now, the economy is basically an illusion these days

The mega-rich will do like they always did. They'll schedule when and how they'll pull out their money from all investments and then a huge panic sell will follow.

Currency, stocks, cryptos, everything will melt almost instantly

 

[Larry Loungelizard]

This is a very optimistic thread.

 

[The Prowler]

stocks

When you own stock, that is a portion of the company.

All the real estate.

All the equipment.

All the intellectual property.


That will always have value.