Geopolitical Economy Report cover image

The dollar system's contradictions after de-linking from gold, with Radhika Desai & Michael Hudson

Geopolitical Economy Report

CHAPTER

The Real Estate Boom, Financial Fraud, and the 2008 Crisis

This chapter discusses the real estate boom and financial fraud that led to the 2008 crisis. It explores how crooked banks made loans that could not be repaid, particularly targeting racial minorities who were previously denied mortgages. The chapter also briefly touches on the international aspects and the role of the dollar system in the crisis.

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