The Global Financial Crisis of Two Thousand Eight, Two Thousand Nine

The global financial crisis of two thousand eight, two thousand now it's not very important for us to think about what actually happened in the globel financial e was important as just realizing that there was a reaction function. So instead of getting returns on deposits, the eco system got even more perverse on at more risk to gete better returns. The european central bank, which is like their federal reserve, they cut interest rates to negative territory right? We were and we still are, on 20 trillion worth of bonds.