- all-time low, lack of hard money
- mortgages were given so families could be taken out of the US
- people tried buying houses whilst not being financially secure.
- the banks lost money because of derivative products---and not original ones.
- me: i´m too big to fail.
- the blame was placed on: too much faith in the self-correcting nature of markets.
- everyone was borrowing too much money and taking too much risks.
-----> wag kasi manghiram ng pera kung maaari...
----->analysts say that the system failed because of human failings, pero sabi ko, it failed because of too much automatization, and not enough humans.
- the fault lies not in the stars, but in us.
------>me: i think humans should also correct the human problem.
------>not just a failed calculation.
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