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here we are 17 years later and it's worth the 6 Minutes!
Comments are appreciated!
He's wrong as far as hedge fund lending being the cause. Could argue that it made it worse but he's talking about a symptom. Everything to do with bypassing the free market in housing and lowering standards. Easy money.
He's almost says government shouldn't interfere in the free market at all but comes up short, as socialists do, and blames the 1 percent for manipulating the economy.
The 2008 crash was caused by banks issuing sub-prime mortgages, and the selling of "mortgage backed securities". Sanders was not even discussing anything that caused the 2008 crash.
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