1929 Stock Market Crash (The great depression)

During the 1920s, the U.S. stock market underwent rapid expansion, reaching its peak in August 1929, after a period of wild speculation. By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the eventual market collapse were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.

TODAY:CDO's are events/packages of selling off those debts to trade with given ratings of AAA, BBB Etc. instead of regulating the banks from fraud lending and bailouts. The great depression was alleviated when the banks were REGULATED AGAIN & a BANK CAPITAL TAX was placed on them. The Crash of 2008 is a result of Greenspan's deregulation and removal of capital tax known as "free market" selling debts, and then selling insurance on those debts, which both crash simultaneously at the same time.