Straddle zei:
Welke economen/specialisten/rapporten spreek ik dan tegen? Ik ben zelf econoom en ik heb al tientallen boeken en (wetenschappelijke) artikels over de financiële crisis gelezen, dus ik weet best waar de oorzaken lagen. Kan je even verwijzen naar welke referenties je gebruikt om bovenstaande uitspraak op te baseren?
Laten we eerst bepalen wat ze precies concreet verkeerd deden?
eens zien:
Clinton/reagan die regels voor kredieten en hypothecaire leningen afzwakte
congres die tot in 2008 de aftrekbaarheid bleef ondersteunen en geld in het systeem pompen
Fed die intrest goedkoop maakte of die mensen aanrade om varaibele intrestvoeten te nemen en die bleef beweren tot het einde dat alles in orde was en geen actie ondernam.
Bush die de markten verder dereguleerde
Allemaal niet gebeurd? Allemaal geen impact?
maar als je een quote zoekt:
As the former chairman of the UK’s Financial Services Authority, Lord (Adair) Turner stated in February 2013:
“The financial crisis of 2007 to 2008 occurred because we failed to constrain the
financial system’s creation of private credit and money.”
Of wat oecd zegt :
A 2012 OECD study[98] suggest that bank regulation based on the Basel accords encourage unconventional business practices and contributed to or even reinforced the financial crisis. In other cases, laws were changed or enforcement weakened in parts of the financial system. Key examples include:
Jimmy Carter's Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA) phased out a number of restrictions on banks' financial practices, broadened their lending powers, allowed credit unions and savings and loans to offer checkable deposits, and raised the deposit insurance limit from $40,000 to $100,000 (thereby potentially lessening depositor scrutiny of lenders' risk management policies).[99]
In October 1982, US President Ronald Reagan signed into law the Garn–St. Germain Depository Institutions Act, which provided for adjustable-rate mortgage loans, began the process of banking deregulation, and contributed to the savings and loan crisis of the late 1980s/early 1990s.[100]
In November 1999, US President Bill Clinton signed into law the Gramm–Leach–Bliley Act, which repealed provisions of the Glass-Steagall Act that prohibit a bank holding company from owning other financial companies. The repeal effectively removed the separation that previously existed between Wall Street investment banks and depository banks. Most analysts say that this repeal directly contributed to the severity of the Financial crisis of 2007–2010.[101] However, there is perspective that repeal made little difference because the institutions that were greatly affected did not fall under the jurisdiction of the act itself.[102]
In 2004, the US Securities and Exchange Commission relaxed the net capital rule, which enabled investment banks to substantially increase the level of debt they were taking on, fueling the growth in mortgage-backed securities supporting subprime mortgages. The SEC has conceded that self-regulation of investment banks contributed to the crisis.[103][104]
Financial institutions in the shadow banking system are not subject to the same regulation as depository banks, allowing them to assume additional debt obligations relative to their financial cushion or capital base.[105] This was the case despite the Long-Term Capital Management debacle in 1998, where a highly leveraged shadow institution failed with systemic implications.
Regulators and accounting standard-setters allowed depository banks such as Citigroup to move significant amounts of assets and liabilities off-balance sheet into complex legal entities called structured investment vehicles, masking the weakness of the capital base of the firm or degree of leverage or risk taken. One news agency estimated that the top four US banks will have to return between $500 billion and $1 trillion to their balance sheets during 2009.[106] This increased uncertainty during the crisis regarding the financial position of the major banks.[107] Off-balance sheet entities were also used by Enron as part of the scandal that brought down that company in 2001.[108]
As early as 1997, Federal Reserve chairman Alan Greenspan fought to keep the derivatives market unregulated.[109] With the advice of the President's Working Group on Financial Markets,[110] the US Congress and President Bill Clinton allowed the self-regulation of the over-the-counter derivatives market when they enacted the Commodity Futures Modernization Act of 2000. Derivatives such as credit default swaps (CDS) can be used to hedge or speculate against particular credit risks without necessarily owning the underlying debt instruments. The volume of CDS outstanding increased 100-fold from 1998 to 2008, with estimates of the debt covered by CDS contracts, as of November 2008, ranging from US$33 to $47 trillion. Total over-the-counter (OTC) derivative notional value rose to $683 trillion by June 2008.[111] Warren Buffett famously referred to derivatives as "financial weapons of mass destruction" in early 2003.[112][113]
Kan jij me iemand geven die zegt dat de overheid geen enkel rol gespeeld heeft in het ontstaan van die
Ik duidde gewoon dat die crisis gebeurd zou zijn onder elke president, net zoals de heropleving. Ter informatie: Micky Mouse is nooit president geweest. Ik had gehoopt dat dit duidelijk zou zijn, maar helaas.
oei een gevoel voor humor heb je ook al niet.
Inderdaad, dat was een jarenlange cumulatie van nefaste gebruiken en werkwijzen in de kredietbedrijven en grootbanken (en rating agencies).
Juist, omdat president Trump nog niet aan de macht is (en nog niets heeft gedaan), maar de beurs anticipeert wel dat:
- Het Trump kabinet gaat inzetten op sterke investeringen in de Amerikaanse infrastructuur
- Een verderzetting van de rentestijgingen zal aanmoedigen
- De Dodd-Frank act ontmanteld zal worden
Je beseft toch dat je jezelf dan tegen spreekt?
langs de ene kant zeg je : presidenten hebben geen effect op de economie/beurzen en langs de andere kant zeg je dat trump wel een effect heeft .
Ik geef je gelijk op trump; die heeft effect, maar net zoals obama dat had en bush en clinton en ...
