The global financial crisis was “caused by predatory lending practices and other irresponsible nonsense, leading to the housing bubble bursting, rampant printing of money, bailouts, etc.,” Markus tweeted.
Replying to Markus, Musk said the “axiomatic error” was a widespread assumption that “housing prices only go up.”
“I don’t support predatory lending, but many of those lenders were severely wounded or didn’t survive,” Musk tweeted. “They dug their own graves — a lesson we should all take to heart, including me.”


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