Monthly archives: June, 2015

The Recession of 2008: Are We Doomed to a Repeat?

The housing boom leading up to the 2008 recession was a primary cause of the U.S. economic crash. Government regulations required banks to ease lending restrictions and people could easily obtain loans for mortgages by using “stated income” documents. Banks made borrowing very easy so more of the population could obtain sub-prime loans which provided…


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