Monday, June 12, 2017

Was there a singular event that caused the Housing market and Stock Market to blow in 2008?

I'm not looking for a broad overview of what led up to the Financial Crisis of '08. You know how when accidents happen, like when a structure collapses and investigators can trace to an event that occurred, like a construction worker used the wrong screws to fasten something, or the wrong design was approved that allowed a structure to falter?

Was there a singular event that happened that made the Market go awry on September 15th of 2008? I understand that the disaster was only a matter of time at that point but, what happened that made the collapse happen on September 15th and not say the day before or week after? Or was there one at all?



Submitted June 12, 2017 at 09:58PM by TKInstinct http://ift.tt/2sW1uz3

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