Nich Hills's avatar

Nich Hills

@nichhills.bsky.social

Something something 2007-2008?

1 replies 0 reposts 0 likes


Carlos Yu's avatar Carlos Yu @carloshasanax.bsky.social
[ View ]

little bit, yeah. underwriting standards dropped, due to competition with wild MLM-like mortgage originators, while investors assumed an implicit federal guarantee was in place. not the only cause, but an important early amplifier.

0 replies 0 reposts 1 likes