As we alluded to above, politicians and civil servants love to get in on the action too. In the US, this took the form of making the ‘American Dream’ an American reality. What they got was a nightmare. Massive mortgage companies were set up and backed by the government to create artificial demand for mortgages. Banks were required to lend to sub-prime borrowers by legislation. Central banks kept interest rates low. And homebuilders had a field day.

Quelle: The Baby Boom Bust Cycle

Dieser Eintrag wurde am Sonntag, 19. Juni 2011 um 15:53 aufgeschaltet und ist unter den Labels USA, Wirtschaft abgelegt. Du kannst das Blog auch über RSS 2.0 abonnieren. You can skip to the end and leave a response. Pinging is currently not allowed.