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The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.
James Surowiecki
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"The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007."
— James Surowiecki #moneywealth

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The financial crisis of 2008 was not caused by investment banks betting against the housing ma…

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The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007. — James Surowiecki

About James Surowiecki

James Surowiecki was a Journalist from United States (1967–present).

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Who said "The financial crisis of 2008 was not caused by investment banks betting against…"?
This quote is attributed to James Surowiecki, a Journalist from United States.
When did James Surowiecki live?
James Surowiecki lived from 1967 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.