Re:Ask HN: Folks who were around the 2008 Recession
by epc on Wednesday August 10, 2022 @07:22PM
(#32419718)
This is more akin to the 1991 recession or the weird 1997/1998 not quite recession. 2008 was multiple houses of cards that were built in the belief they were insulated from external risks collapsing due to tight interdependencies which then caused the ensuing recession.
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Re:Ask HN: Folks who were around the 2008 Recession
by yuppie_scum on Wednesday August 10, 2022 @08:19PM
(#32420099)
I don’t think anybody really cared that much about the risks, everyone was just looking out for their own bottom line with no regard for the systematic consequences.