What happened during the financial crisis?

What was going on during the financial crisis of 2008? Can someone explain to me what happened and how it affects us today?

  • Answer:

    Book: The Big Short.  Film: Margin Call. Simple explanation: none really, but many powerful people were, so to speak, walking a tightrope with their eyes shut, and much money was wasted on goodies that the buyers couldn't really afford. Today: many people unemployed or retired prematurely, and poorer than they might be, while the wasted money is being replenished.

Richard Treitel at Quora Visit the source

Was this solution helpful to you?

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.