10 People to Blame for the 2008-2009 U.S. Stock Market Crash

The 2008-2009 U.S. stock market crash saw the Dow Jones Industrial Average plunge 54% in 17 months. Housing prices fell 30% from their 2006 peak. The unemployment rate doubled from 5% (7 million Americans unemployed) pre-crisis in 2008, to 10% by the end of 2009 (15 million). And U.S. debt rose from 66% gross domestic product (GDP) to 103% from 2008 to 2012. To blame was a systemic breakdown that encompassed Wall Street and Washington. We like to call it the "Washington-Wall Street Corruption Corridor" - and these ten players had key roles... Tags: 2008 stock market crash , 2008 US stock market crash , 2008-2009 stock market crash , 2008-2009 US stock market crash , market crash , people to blame for the 2008 stock market crash , people to blame for the 2008 US stock market crash , people to blame for the 2008-2009 stock market crash , people to blame for the 2008-2009 us stock market crash , stock market crash , us stock market crash To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post 10 People to Blame for the 2008-2009 U.S. Stock Market Crash appeared first on Money Morning - We Make Investing Profitable .