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George Santayana's The Crisis

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“Those who cannot remember the past are condemned to repeat it.” These words were first written by Italian philosopher, George Santayana. The meaning is all but spelled out for the reader, the past is important, it deserves its due - don’t brush it aside, don’t pretend it didn’t happen – to better build the world of tomorrow, you need to remember (and account for) the mistakes of yesterday. The mortgage crisis, and all that it lead too for our economy, back in 2007, is an event that should never be forgotten… lest we inadvertently doom ourselves by going through it all over again. Today, of course, the situation has significantly improved; our nation managed to get over this rather sizable hump and bounce back from it (not fully healed, but certainly better than we were only a few years ago). That’s not good enough for me though; in order to truly overcome this event (that many have already put behind them and forgotten about, myself included, prior to writing this essay) and push ahead, we need to go over how it happened in the first place. Therefore, today I’ll be talking about the mortgage meltdown crisis, suffered by the United States and felt around the world, of 2007; I will cover how the crisis actually happened, the lessons learned from the collapse / the silver linings of the collapse, and how real estate buyers are intelligently learning from the past in order to benefit today. Now, the American Dream… what is that really? It’s not something, as far as I’m

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