Financial crisis

national debt of the United States. This crisis was not an accident. It was caused by an out of control industry. Since the 1980s the rise of the United States financial sector has led to a series of finical crises. Each crisis has caused more damage, while the industry has made more and more money. PART 1: HOW WE GOT HERE After the Great Depression in the 1930s the United States had 40 years of economic growth, without a single financial crisis. The financial industry was tightly regulated.…

mortgage crisis occurred due to banks lending large mortgages to people who thought this was acceptable because the value of their homes would only rise. 2. When the value of homes started to decline, banks asked for payment on mortgages which in turn, forced people to make all their assets, including stocks, liquid to pay their debts (Davies, 2008). 2) With the stock prices bottomed out because of mass forced selling, they began to rise after the government bailouts of the financial…

legislature was a response to the financial crisis of 2008. The Dodd-Frank Act at the time of passing consisted of 2,307 pages, 16 titles and 540 sections of law. This piece of legislation was named after Senator Christopher J. Dodd and Representative Barney Frank who had endorsed this act. This legislature created two separate entities which are the FSOC and the CFPB. The FSOC’s, or the Financial Stability Oversight Council, main purpose was to monitor the financial stability of major…

OPTIMAL RISKY PORTFOLIO: CAPITAL ALLOCATION BETWEEN RISK-FREE AND RISKY ASSETS The optimal capital allocation is the goal of each investor. One way to form an optimal portfolio and maximise the investor’s utility is by maximising the Sharp ratio. This report uses monthly return data of the 10 major sectors in the ASX300 from January 2004 until December 2015. The analysis is based on the assumptions, that the investor has the possibility to borrow or lend money at the same risk-free rate of…

depression in auto industry, companies such as General Motors had close their door of plants, which led to a high rate of unemployment and crime rate as well. Later on, in 2011, the state took budgetary control over the whole city because it was in a financial emergency. Therefore, everything started from the decision made by state officials, not the mayor. [1] In order to save for water expense, government officials had decided to switch water source from Lake Huron, that had been used by…

line. Once the home of the United States’ largest General Motors plant, Flint’s economy suffered a major blow when General Motors downsized during the 1980s. A low budget, contaminated water source, and outdated infrastructure have led to a water crisis in Flint, Michigan which is a danger to local residents in regards to public concerns for health, loss of confidence in government, and a larger deficit. Once General Motors downsized their plant in Flint, Flint’s economy went downhill. Many…

assurance, tax, human resources, transactions, performance improvement and crisis management that had helped resolve complex client and stakeholder issues worldwide. They also apply their expertise and talents to help educational institutions, the federal government, non-profits and international ease agencies address their unique business issues. The purpose to produce financial statements is to provide information about their financial position and performance. This information is used by a…

V. Detailed Crisis Communications Plan The following detailed crisis communications plan is to be implemented alongside the checklist shown above in the case of an aviation accident involving one of our airplanes. This is one of many examples of crises that occur in our organization, however is under the umbrella of those that is most likely to happen. The following are steps that are required under our guidelines to be followed and to be taken, and depending on the situation requires further…

million over eight years. After a couple weeks, residents started buying bottled water as many people complained of poor tasting and bad taste. Then after some time city council members called the city to stop using the Flint River water. Flint water crisis is an extreme case, the systems failed to ensure their city employees were testing and reporting correctly. Changing water supplies isn’t an easy business task, it can save money and can be done without…

topics in the APJC region. In the wake of the global financial crisis, increasingly more corporates are assuming the traditional role of a bank, offering financing to their customers. Cisco is no exception, having incorporated Cisco Capital globally as early as 1996, followed by Asia Pacific two years later. We speak to Rajiv Menon, Mananging Director, Cisco Systems Capital, APJC on the latest state of technology financing and the global financial system. As head of Cisco Capital…