Welcome to the extended version of the BAM Market Note. We are not bloggers by nature but have had clients and friends inquire about our thoughts on the market in between our newsletters. The number and content of posts will likely be determined by the conditions of the markets and the interests of our readers. We would greatly appreciate your feedback and comments.
Thursday, February 20, 2014
THE MARKET CRASH OF 2008
We recently stumbled upon an interesting article about the market crash of 2008 and its possible cause. While the media and Congress have largely blamed the financial institutions and their aggressive (reckless) policies, Peter Wallison argues that the government itself is to blame in this thought provoking piece. Mr. Wallison further argues that one of the reasons that our economy continues to struggle are the very policies that Congress enacted to "fix" the causes of the 2008 market crisis.
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