After banking almost collapsed in 2008, was anything really fixed (I.e. let the bad banks fail like in Iceland), or did they continue going about it as if nothing was wrong in the first place?

I am closing in on the 10 year mark and I dont have any signs of collapsing.

This house has a pool that has caved in because it was drained all the way down and collapsed in.

In the IRS lingo, it is called a "prohibited transaction" and can cause a collapse of your entire IRA.You may "borrow" your IRA funds for 60 days (there're rules to follow), but 2 months are usually two short to finish the rehab and sell the property - assuming it is a flip.

You can also rest assured that it will never collapse during an earthquake.

I had the carpenter reinforce the corners and build a frame under the sink base so it wouldn't collapse when tenants put stuff in it.I installed RTA in my own kitchen several years ago.  

Also, you may consider scoping the sewer as the sewers in these older buildings were clay tile that tends to collapse over time. 

A new mortgage of $106k helped me survive the great recession as my credit lines collapsed all around me. 

If the bill is passed, their model will simply collapse, and the false expectations created by teaching how to became rich doing real estate transactions with no money or credit will have to be reconsidered.That is the great catch of their event, that anybody, with none of their money, no credit and no experience can simply talk some going to foreclosure into transferring the property to them, with the expectation that they will attend the payments.

There was no one event that led to the collapse...it was the perfect storm of many events.