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It would be impertinent if we don't thank the drug cartel for pouring 352Bn $ of cash in the economy๐๐.
The US housing market was built on derivatives trading and subprime mortgage. This made for a bubble primed to pop.
This is when the cartel came in with their cash and helped banks get the cash and thereby move the economy.
The cartel benefitted immensely as one of their main problems of cleaning cash was solved.All of their black money was converted to white,with which they bought millions of dollars of assets.
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When cartels for a change ,played an important role saving the world.
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