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Jonbo298 · 03-07-2009, 02:42 PM

Availability of credit (and ease of obtaining) I'd say was a big factor too. As Angrist mentioned, people lived well beyond their means because of it. Now that we're scaling back, people are forced to repay their debts finally. So that bubble is slowly bursting also.

03-07-2009, 02:42 PM	#3
Jonbo298 Freaky me Freaky you Jonbo298 is offline Location: In the Cornfields of Iowa Now Playing: Posts: 8,081	Re: Understanding the Financial Crisis Availability of credit (and ease of obtaining) I'd say was a big factor too. As Angrist mentioned, people lived well beyond their means because of it. Now that we're scaling back, people are forced to repay their debts finally. So that bubble is slowly bursting also. __________________ Credit to Null for sig jonbo298.