2008

For most economists, the financial crisis of 2008 was the most severe financial crisis since the Great Depression hit the United States and the world in 1929 and the early 1930s. This paper will analyze the causes that lead to the 2008 financial crisis. The paper will also explore the effects of the crisis, not only in the financial world and the economy, but also in the legislation governing financial institutions. The ethical implications that were involved in the crisis will also be studied.…

The year 2008 was hallmarked by a main financial-crisis particularly in United States. The recession witnessed therefrom was the highest since the 2nd world war. This had consequential effect since this financial crisis in U.S spread to other countries which led to detrimental impact to other countries economic system. A detailed analysis showcase that the financial crisis actually commenced in the year 2006, particularly, when the subprime-market for mortgage in United States commenced to…

The 2008 financial crisis was caused by an excessive corporate appetite for profit by the United States. When one of the largest banks in the United States fell into bankruptcy, fear spread globally. Starting in the nineteenth century, Canada and the United States took contrasting paths. The United States allowed a difficult system to develop, with more small and less stable banks. Canada, however, set up a concentrated banking system that controlled mortgage lending and investment banking under…

The Financial Crisis of 2008 has been attributed to various entities or regulations. While most of these conjectures make valid points, attributing such an immense series of events to just one or two entities or regulations is benighted. Arguably, what set the precedence for the ensuing crisis is influenced by who you ask but, a case can be made for the most apparent events that did impact the crisis. The names Fannie Mae, Freddie Mac, CRA (Community Reinvestment Act 1977), and AIG are just a…

During the year 2008, US faced its most severe financial crisis since the Great Depression. The federal funds rate, and interest rates in general, were at historic lows, unemployment shot up, decline in savings, U.S subprime markets or loans granted to individuals with poor credit histories, helped the US economic system crash. (Battilossi 14) The extremely low mortgage rates were really important, because they motivated people to rush to buy real estate. Even people who ordinarily would never…

Section 3 The financial crisis of 2008 jolted the structure of the economy and affected numerous sectors. These crises occurred because of numerous reasons that stacked up and created a horrendous long-term impact for the overall economy. The financial crisis cost appears to be $5 trillion to $15 trillion. The stock markets fell miserably after this demise, and strategists were unable to control this demise. Several players played their roles in this demise, and players like banks, firms,…

week’s assignment was to watch the documentary titled “The Inside Job”. The documentary discusses the 2008 financial crisis and how not a single top level executive had been held accountable and charged with a crime. During the documentary, the deregulation of the financial market is discussed and how it played a significant role in leading to the financial crisis. Deregulation led to the 2008 economic crisis due to derivatives and predatory lending. Derivatives were made to stabilize the…

I will present my research findings on the Berlin Wall, political activism expressed through graffiti in 1961 compared to graffiti during the 2008 presidential election. This paper will cover a brief history of the Berlin Wall and its intended social and political purpose. I will show how expression through art can change political space and majority opinion. I will conclude that the use of activist art in public space greatly affected the outcome of specific political events. The Berlin Wall…

The 2007-2008 Recession experienced by the United States and later experienced by the rest of the world was caused by a handful of people. It was an inside job caused by individuals exploiting the deregulated environment. The greedy pursuit for profit of a few individuals left millions in financial despair. The sad reality is that this recession could have been avoided. Massive deregulation allowed for companies to exploit the economic system. Deregulation was in the works for decades. As…

USA to get to know there candidates better before the official primary. On the other hand Invisible primaries have little importance in the selection of presidential candidates as there are no guarantees of success as seen by Hilary Clinton in 2007-2008 and Dean in…