I Came of Age During the 2008 Financial Crisis. I’m Still Angry About It.
I grew up in a suburb of Detroit, in a house near a dead end, which my parents bought in 1992. They paid for it with a conventional mortgage that they had the misfortune of refinancing in January 2008. A series of disasters followed, all of which would have been previously unthinkable. Within a matter of months, investment banks like Bear Stearns and Lehman Brothers collapsed from having taken on too much risk, predominantly in the housing market, and by the fall of that year both of my parents had lost their jobs.
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