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Housing Bubble & Financial Crisis - Who's to Blame? Part 1 of 3 | PowerOptions Web Log
The headlines scream it loud and clear: “Greatest Financial Crisis Since the Great Depression,” “Severe Recession Looming,” “Retirement Savings Wiped Out.” Government bailouts and partial nationalizing of our banking system have resulted, thus impinging on the great American laissez-faire capitalistic experiment. Clearly, something in our financial system went very wrong or we wouldn’t be in this precarious predicament. That something is the result of two historic economic bubbles within one decade; unprecedented in American history. Stock option search with backtesting Sign up now for PowerOptions free 14-day trial The first bubble started in the mid-1990s when personal computers and improved telecommunications gave rise to the Internet and the World Wide Web. Working in the information technology industry as a technical writer at the time, my coworkers and I were astounded at the amazing stories of companies desperate for tech workers recruiting college students even before they graduated. And on top...