In the early 2000's there was an economic bubble signifying a brief moment of wealth and success surging through the nation. This was caused by a rapid growth in the housing market where people were making lots of houses and buying up lots of land. This period was unsustainable as banks were giving out more money through loans than they actually had saved, in addition they charged very low rates of interest on the loans.
Yes, that is so true. With a big boom there must be a bust.
This is really good. Many people were able to buy a house because of the low rates but people didn't see how the government was artificially causing the low rates.
You should loan me money like the banks were loaning for the houses.