The Flaw is an economic documentary that discusses the 2008 economic crisis. It suggests that the boom and collapse of the economy was due to the growing inequality population. As the richest 1% had accumulated a decent proportion of the wealth, the bottom 50% had a decline in living standards, thus to meet them, they had to go into debt. Simultaneously, the rich people had a need for expensive assets like mansions increasing the mortgage debt of poorer Americans. The film also discusses the credit bubble and how Alan Greenspan, the chairman of the central Bank, lowered interest rates increasing the bubble. This lead to the housing bubble and eventually the system collapsed in 2008, bankrupting many large corporations. PS. With the 700 billion dollar bail out provided by you, the tax payer, they were still in business.
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