Could after effects of 9/11 have helped cause this financial crisis?

Twin towers had the top brains of the financial companies and lost so many in that horror. With that loss the companies had to promote others that may not have been as good or ethical as their former bosses.Could after effects of 9/11 have helped cause this financial crisis?
not directly. 9/11 gave bush carte blanche to run the country into the ground.
The economy was about to tank at that point. 9/11 provide a smokescreen to continue the farse just a bit longer. By 2001 the house of playing cards had been built. Investments without much value had already been constructed. The lack of government overight was a critical factor. Many people made huge profits selling worthless paper.



Still, the most critical factor was the lack of credit. The banks still hold back on loans continuing the crisis. The government is rewarding the very people who contributed to the financial crisis in the making.Could after effects of 9/11 have helped cause this financial crisis?
That's a common misconception. Although the WTC is located near Wall Street where the NY Stock Exchange and the big banks and trading firms are, most of the tenants in the buildings were not financial firms. A number of big firms were there, but there were also many shipping firms, various public agencies, law firms, communications firms, IT firms, and just about anything else you can think of.



I believe the reason that this perception exists is simple. The big financial companies had the money to rent out the highest floors, which cost more per square foot because they had unobstructed views of the city--and more people from the highest floors died.
Yes, but I tend to lean more towards saying the war that was justified as a result of 9/11 might have had more to do with it.



Most of the larger companies in the WTC were surprisingly up and operating very quickly with help from competitors and/or their other locations. If you are interested in hearing some tear jerkers you can find stories like those.Could after effects of 9/11 have helped cause this financial crisis?
If so, it's only minimal. I hate to have to agree with Obama, but I think he's right when he said greed caused it. A good return on speculation caused more speculation and there's only room for so much speculation before the bottom falls out and those who got in too late, are stuck holding the bag. That, along with speculators like Barney Frank and Chris Dodd, caused the problem. I find it incredibly amazing that they're both investigating the mess as if they had nothing to do with it.
No, this was done in 1999 by congress to relieve the financial world of unfriendly restrictions, many warned about this disaster but the warnings were ignored by the Bush Administration who could have stopped this realization of restrictions, but instead stopping it they joined into the mess because it was the American Dream ot owning your own home
It took manpower and concentration away from oversight and regulatory bodies in the system...in that sense, yes.



Understand that without the wars, that energy would have likely been placed on the economy -- domestic health.
gee, a theory I actually agree with... the whole purpose was to get us to take an unpopular war overseas, in a geographic area where we could not win a war, to bleed our economy dry and break the government. it worked against the former Soviet Union too
No, it was not the cause. The banks being forced to lend and then getting greedy when they realized they could just send the bad loans to the government is what caused it.
interesting theory ,but it's been my experience that somebody is always in the wings for your job,and things always carry on.look towards Bush's policies after 911 for your answer
Don't think so. But, it was a good place for rich people. Perhaps, many rich people who worked there lost their jobs. For the economy? Hmm. No.
Obama and a hard-left liberal Democrat Congress forced banks to give loans to people with no income, no job and no assets. It was an "affirmative action" thing gone too far.
I find it very hard to believe that our government did not see this coming long ago. I blame them more than I blame anyone. This is one reason why I am beginning to think this could have been planned.
This country has been going deeper and deeper in debt since the 70's.



Debtor nations who cannot feed nor clothe themselves are doomed.
No. What caused this financial mess is irresponsible affirmative action lending to undeserving minorities.
I am sure it was done to cause this crisis!!! when you hit a nation's money, this is what happens, I am sure like all wars, it was very well staged!! just like all thru history!!
obama and his friends caused this by forcing banks to give out money