The 2008 financial crisis -
During the late 1990s, America was getting a huge inflow of foreign funds from Russia and many Asian countries. American banks naturally didn't want the money just lying around earning no interest, so they made it easier
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Anonymous 1
Hey I am on Medial • 12m
The entry of institutions like AIG providing affordable credit default swap protection on CDOs created a massive moral hazard, encouraging further risk-taking.
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The 2008 financial crisis -
During the late 1990s, America was getting a huge inflow of foreign funds from Russia and many Asian countries. American banks naturally didn't want the money just lying around earning no interest, so they made it easier
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