X-Nico

6 unusual facts about Great Recession


Camp Dearborn

During the Great Recession of 2008, Dearborn investigated selling off the camp but found that the camp was profitable and that there was no prospect of a reasonably profitable sale due to zoning issues.

Discount window

With the bankruptcy of Lehman Brothers again the volume of borrowing requests increased dramatically, and in the course of the Great Recession remains worldwide on a high level.

Global elite

In the wake of the Great Recession, a separate economy for the global elite has appeared to have recovered while the economy for the working class is still under large elements of turmoil.

Ontario tobacco belt

Delhi Industries lasted until the midst of the Canadian economic recession when it closed down on March 2010; terminating 61 Canadian jobs on a permanent basis.

Prudential capital controls

The pro-capital flow arguments were not reviewed and critiqued until the Great Recession in the late 2000s.

Regional Greenhouse Gas Initiative

Emissions were lower than previously anticipated due to low natural gas prices prompting a conversion to the lower-emitting fuel, and to a lesser degree energy conservation and the Great Recession.


Matter Under Inquiry

According to former SEC employee and whistleblower Darcy Flynn, as reported by Matt Taibbi in Rolling Stone in 2011, the agency routinely destroyed thousands and thousands of MUI documents related to investigations of alleged crimes committed by Deutsche Bank, Goldman Sachs, Lehman Brothers, SAC Capital, and other financial companies involved in the Great Recession that the SEC was supposed to have been regulating.


see also

Kurt Andersen

He also wrote Reset (Random House, 2009), an essay about the causes and aftermath of the Great Recession, and he has contributed to many other books, such as Spark: How Creativity Works (HarperCollins, 2011) and Fields of Vision: The Photographs of John Vachon (Library of Congress, 2010).