2008 Financial Crisis

Improved Essays
Thesis and reference assignment

1) The topic that I chose for my research essay is “How the deregulation of the major financial institutions within the U.S financial sector caused the 2008 financial collapse.” Throughout this essay I will be covering everything from: the major financial institutions that contributed to the crash, I E Goldman Sachs, JP Morgan and Chase, Wells Fargo, Bank of America, and some others. As well as the evil, and illegal tactics that ended up causing the United States financial sector to crash. While at the same time allowing many of these mega banks to profit off of the devastated economy. The main tactics that I will be discussing will be the use of legalized bribery, and how it was used to buy out most of the U.S congress, as well as many other politicians who had substantial influence within the financial sector. The use of at the time unknown credit default swaps, and their effects on the housing market. Where a so called bet could be placed on the percent chance of someone defaulting on a mortgage loan. To where then it would be packaged and sold off to someone else to make a quick buck. The increased lending by the major financial institutions that were used in order to facilitate these default swaps, as well as the derivatives market, and the over $70
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These were that investment institutions intentionally caused the market to crash due to conspiracy for massive profit gain as some evidence suggests. Considering that all the people behind the crash made an extremely large amount of money. Or that the market crashed on its own due to panic from investors, and inadequate trading patterns such as it has throughout the past. And the third counter argument being that; if the United States banking system was set up like Canada's, this whole situation would have been

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