jrefior, 
Really interesting perspective from #Marketplace, blaming the 2008 financial crisis on the debt ceiling.
As they tell it: If we didn't have a debt ceiling, Fannie Mae wouldn't have been privatized, and wouldn't have facilitated massive investment in mortgage-backed securities, counting on the federal government to bail them out if the worst came to pass, which it did.
https://www.marketplace.org/2023/12/05/criticism-crashes-and-crises-revisiting-three-ghosts-of-debt-ceiling-battles-past/
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#useconomy #FannieMae #economics #ushistory #DebtCeiling #TheGreatRecession