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Unformatted text preview: People were getting loans left and right really easy. They then would go out with the loan and buy things that others wanted which made them get it too. This caused the demand to rise which in the long run caused inflation. The ones who got the loans so easy, werent ever able to repay them so they kept getting in more debt by asking for more loans. It basically all boiled down to careless mistakes being made and greed. http://cashmoneylife.com/economic-financial-crisis-2008-causes/...
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- Fall '11