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If the Bush Social Security plan had passed and then we had this economic crisis what would have happened?
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If the Bush Social Security plan had passed and then we had this economic crisis what would have happened?
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If the Bush Social Security plan had passed and then we had this economic crisis what would have happened?
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01-16-2013, 10:34 AM
Post: #14
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Investing Social Security funds in the institutions that collapsed would have seriously compounded the problem. The collapse happened because these companies invested entirely too heavily in high-risk securities. Those securities were tied to subprime mortgages, and when the housing bubble burst the securities were worthless.
In short, the economic crisis occurred because these companies were making reckless investment decisions. Giving them even more of our money wouldn't have been the solution. |
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| Messages In This Thread |
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If the Bush Social Security plan had passed and then we had this economic crisis what would have happened? - Hillbilly Hippie - 01-16-2013, 09:28 AM
[] - mutantalbino - 01-16-2013, 09:34 AM
[] - Liberal AssKicker - 01-16-2013, 09:45 AM
[] - righteousjohnson - 01-16-2013, 09:51 AM
[] - prescientone - 01-16-2013, 10:02 AM
[] - Doug H - 01-16-2013 10:34 AM
[] - smsmith500 - 01-16-2013, 10:42 AM
[] - poolplayer - 01-16-2013, 10:43 AM
[] - Moose O'lini - 01-16-2013, 10:46 AM
[] - niceslave672 - 01-16-2013, 10:48 AM
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