WTF happened in 2008 in this graph /sci/?

>>7987908
the economy nearly collapsed /thread

>>7987912

that doesn't explain why student loans exponentially increased nearly 7 times after 2008

>>7987916
Obongo ushering in socialism.

All them numbers have to go somewhere when you build an entire system on imaginary numbers.

>>7987908
Billionaires didn't have quite enough money so they decided to get some more.

To be real, I think that it should be legal to kill people that make over 500k a year.

>>7987908
quantitative easing policy introduced.

>>7987916
Probably everyone thought they could ride out the recession by getting a higher degree. That's usually what people tend to do when there are no jobs.

>>7987942
to be more specific, they called it credit easing
https://en.wikipedia.org/wiki/Quantitative_easing#Credit_easing

>>7987908
>Take out huge loan to go to college
>Start making repayments
>2008 comes around
>Loose job
>Late repayment penalty hits
>Debt still accrues interest

That would be my guess.

>>7987908
banks had to be bailed out? so the feds stepped in and bought the debts?

Bump i want to know too

>>7990253
really nigger?
I gave you the answer already
>>7987949
>>7987942

>>7987908
Housing bubble popped bringing the economy with it in Oct 08
I remember because I started playing stocks right before that