by Dennis O'Keefe on Nov 14, 2017
It has been a decade since the housing bubble began unraveling in front of our eyes. Mortgages didn’t get paid. Banks went belly-up. Property values plummeted – in some places down 50% or more.
It was an ugly time.
The cause was a combination of stupidity. That’s often the case with major financial disasters. It isn’t just one thing that brings the system down.