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Meddling with interest rates caused bubble

Government manipulated interest rates, artificially created a boom and this is the resultant crash. Economic reality hitting home.

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Unintended consequences of earlier public policy choices
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Meddling with interest rates caused bubble
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Earlier bubbles did not cause financial meltdown
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Partial repeal of Glass-Steagall act
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Investment banks incentivised to move into riskier activities
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Investment banks entirely outside the regulatory net
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Regulatory changes encouraged home ownership
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US policies to encourage home ownership promoted risky lending
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US spending funded by credit
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