I don't think it's because of 9/11. Back in the 90's legislation was passed that required banks to give "affordable" loans to people that couldn't afford them. The banks had quotas to meet. If they didn't, they were sued and/or hit with fines. There has been terrible regulation over all of this. You can spread the blame around to a lot of places. While I don't think 9/11 is one of the major causes, it probably has influenced the state of the economy somewhat today. It's the nature of the beast...the economy can't be strong all of the time. I think that we would be in this same boat right now or in the near future if 9/11 had never happened.
In fact, the war in Iraq, which has absolutely nothing to do with 9/11, is more to blame than 9/11 for the current state of our economy. Ugh, that's a topic that should leave a sour taste in anyone's mouth.
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