I believe the Rats did exactly that in 2008.
Exactly true. My theory is that the Rats had help from Geo Soros et al. The truth will come out one day. It was just too much of a coincidence to have that huge crash right at end of October 2008, so that zippy could slide into office. Good old McCain. He KNEW - remember the #$%&*( suspending his campaign to go back to DC to deal with it? ARGHHH that was the moment he purposely tossed the election to O. HE and the rest of the GOP and the RATS are all in this together.
And if I hear one more time how all the Trump supporters are just low information dummies.. I’ll spit.
Time to try something different.
The mortgage market that had been driving the US economy since 2001 topped out well over a year before.
The enormous number of high risk loans that had been issued during the bubble were defaulting and in mid 2008 they finally caught up with Bear Stearns, which was the most heavily leveraged of all the players in the CDO market.
Bear and the other big players in high risk debt had been like Wiley Coyote, suspended in space over the Grand Canyon. The only surprise is that the collapse didn’t begin as much as a year sooner.