What caused the global economic and financial crisis? - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind
Click Here to Login
Reply
 
Thread Tools Search this Thread Display Modes
 
Old 09-08-2009, 08:14 PM   #1
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 08:56 AM
What caused the global economic and financial crisis?



Your opinions requested in this thread.
__________________

financeguy is offline   Reply With Quote
Old 09-08-2009, 08:29 PM   #2
Rock n' Roll Doggie
Band-aid
 
Join Date: Jun 2005
Location: The American Resistance
Posts: 4,754
Local Time: 01:56 AM
Apart from the Jews?

In 10 words or less -- the debt bubble burst and capital dried up.
__________________

INDY500 is offline   Reply With Quote
Old 09-08-2009, 08:43 PM   #3
Rock n' Roll Doggie
 
Se7en's Avatar
 
Join Date: Feb 2001
Location: all around in the dark - everywhere
Posts: 3,531
Local Time: 02:56 AM
Quote:
...the ultimate cause of the current global financial crisis is to be found in the deeply flawed institutions and practices of what is often referred to as the New Financial Architecture (NFA) – a globally integrated system of giant bank conglomerates and the so-called ‘shadow banking system’ of investment banks, hedge funds and bank-created Special Investment Vehicles.
http://www.peri.umass.edu/fileadmin/...-200/WP180.pdf
Se7en is offline   Reply With Quote
Old 09-08-2009, 08:44 PM   #4
Blue Crack Supplier
 
No spoken words's Avatar
 
Join Date: Apr 2005
Location: Where do YOU live?
Posts: 43,241
Local Time: 11:56 PM
Quote:
Originally Posted by INDY500 View Post
Apart from the Jews?

In 10 words or less -- the debt bubble burst and capital dried up.
We'll have a statement on this tomorrow.
No spoken words is offline   Reply With Quote
Old 09-08-2009, 09:13 PM   #5
Refugee
 
AliEnvy's Avatar
 
Join Date: Jan 2001
Location: Toronto, Canada
Posts: 2,320
Local Time: 07:56 AM
A few things combined to create a perfect storm, however, I believe deregulation of financial markets is the root cause.
AliEnvy is offline   Reply With Quote
Old 09-08-2009, 09:18 PM   #6
BVS
Blue Crack Supplier
 
BVS's Avatar
 
Join Date: Aug 2002
Location: between my head and heart
Posts: 40,994
Local Time: 02:56 AM
Bono
BVS is offline   Reply With Quote
Old 09-09-2009, 08:37 AM   #7
Blue Crack Supplier
 
Irvine511's Avatar
 
Join Date: Dec 2003
Location: Washington, DC
Posts: 30,882
Local Time: 03:56 AM
Hillary.
Irvine511 is offline   Reply With Quote
Old 09-09-2009, 08:47 AM   #8
Rock n' Roll Doggie
VIP PASS
 
Vincent Vega's Avatar
 
Join Date: Jul 2005
Location: Berlin
Posts: 6,615
Local Time: 09:56 AM
Oliver Stone.
Vincent Vega is offline   Reply With Quote
Old 09-09-2009, 08:56 AM   #9
has a
 
kramwest1's Avatar
 
Join Date: Apr 2005
Location: Not a toliet wall
Posts: 6,939
Local Time: 01:56 AM
I vote for the Gramm Act.

Gramm-Leach-Bliley Act - Wikipedia, the free encyclopedia

That, and people feeling deprived so they were morons with their own finances. Oh, and greed.


Mark
__________________
Bread & Circuses
kramwest1 is offline   Reply With Quote
Old 09-09-2009, 10:42 AM   #10
Refugee
 
A stor's Avatar
 
Join Date: Jul 2007
Location: U.S.A. East Coast
Posts: 2,464
Local Time: 07:56 AM
I'm not sure.

But, in the U.S. many people were given mortgages for homes, they could not afford.
A stor is offline   Reply With Quote
Old 09-09-2009, 10:42 AM   #11
Blue Crack Addict
 
mikal's Avatar
 
Join Date: Nov 2000
Location: Black Lodge
Posts: 24,986
Local Time: 01:56 AM
9/11
mikal is offline   Reply With Quote
Old 09-09-2009, 06:56 PM   #12
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 08:56 AM
There are some good responses here. 9/11 - now that's an interesting one.
financeguy is offline   Reply With Quote
Old 09-09-2009, 07:01 PM   #13
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 08:56 AM
Quote:
Originally Posted by No spoken words View Post
We'll have a statement on this tomorrow.
I KNEW IT!

Will your statement feature the words 'duplicitious' and 'all-knowing'? Will it be signed by Emmanuel Goldstein-Rothschild?
__________________

financeguy is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
$700 Billion - To Bail or Not to Bail...That is the question U2Fan101 Free Your Mind 201 10-22-2009 02:33 PM
The Ultimate Stimulus Pro and Con thread purpleoscar Free Your Mind 66 07-17-2009 08:28 PM
US 2008 Presidential Campaign Discussion Thread - Part 9 phillyfan26 Free Your Mind Archive 999 10-07-2008 07:47 PM
Worst economic and financial crisis since the Great Depression takes a new turn financeguy Free Your Mind 1 10-02-2008 09:31 PM
Please Bathe Yourself in My Douche-Tastic Poetry LarryMullen's POPAngel Free Your Mind Archive 244 02-23-2003 11:28 PM


All times are GMT -5. The time now is 02:56 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com