1. The Financial Crisis
Jeff Forrest
Business and Human Development
St. Louis Community College – Florissant Valley

2. “A condition of instability or danger, as in social,
economic, political, or international affairs, leading to a
decisive change.”
Dictionary.com

3. How did WE get here?
Too much credit…

4. How did we get here?
• Too much credit
• Too little regulation
• Too much new construction
• Too many lost jobs

5. Who is to blame?
• Lenders (Banks and Creditors)
• Borrowers (Companies and individuals)
• The Federal Reserve
• The US Treasury
• Politicians (Both Parties!)

6. Who is affected by the CRISIS…

7. What’s the plan?
• Restore Credit
• Restore Confidence
• Focus on Main Street v. Wall Street
• Establish regulations to prevent this
from happening again

8. What you need to do…
• Get Connected
• Register to Vote
• Get your education
• Live within your means
• Cast your vote – November 4, 2008