2008 Financial Crisis- During 2006-07, US real estate market was at peak and there was boom in
US economy. Everything was going well. This financial crisis began with subprime crisis and
with the collapse of big giants in USA. In USA, people invested into properties and made new
properties by taking loan from banks. Banks provided loan without proper documentation and
security. Due to economic and monetary policies, demand for house and properties came down
and many properties got unsold. People and companies who took loan, could not repay it as they
did not have money. Banks could not get their money back and Lehman brothers and Merrill
Lynch got bankrupted. From here the crisis started and then followed by Global economic
downturn, great recession and European debt crisis.
After this crisis GDP and growth rate of USA and other countries came down. Stock market
crashed in a singe day. The growth came down to the negative figure in 2008 and it happened
after 1928 depression. Dodd frank act was introduced after the crisis to maintain the stability in
financial market and Basel 3 liquidity standards were followed by US and other countries.
Solution
2008 Financial Crisis- During 2006-07, US real estate market was at peak and there was boom in
US economy. Everything was going well. This financial crisis began with subprime crisis and
with the collapse of big giants in USA. In USA, people invested into properties and made new
properties by taking loan from banks. Banks provided loan without proper documentation and
security. Due to economic and monetary policies, demand for house and properties came down
and many properties got unsold. People and companies who took loan, could not repay it as they
did not have money. Banks could not get their money back and Lehman brothers and Merrill
Lynch got bankrupted. From here the crisis started and then followed by Global economic
downturn, great recession and European debt crisis.
After this crisis GDP and growth rate of USA and other countries came down. Stock market
crashed in a singe day. The growth came down to the negative figure in 2008 and it happened
after 1928 depression. Dodd frank act was introduced after the crisis to maintain the stability in
financial market and Basel 3 liquidity standards were followed by US and other countries..
Kodo Millet PPT made by Ghanshyam bairwa college of Agriculture kumher bhara...
2008 Financial Crisis- During 2006-07, US real estate market was at .pdf
1. 2008 Financial Crisis- During 2006-07, US real estate market was at peak and there was boom in
US economy. Everything was going well. This financial crisis began with subprime crisis and
with the collapse of big giants in USA. In USA, people invested into properties and made new
properties by taking loan from banks. Banks provided loan without proper documentation and
security. Due to economic and monetary policies, demand for house and properties came down
and many properties got unsold. People and companies who took loan, could not repay it as they
did not have money. Banks could not get their money back and Lehman brothers and Merrill
Lynch got bankrupted. From here the crisis started and then followed by Global economic
downturn, great recession and European debt crisis.
After this crisis GDP and growth rate of USA and other countries came down. Stock market
crashed in a singe day. The growth came down to the negative figure in 2008 and it happened
after 1928 depression. Dodd frank act was introduced after the crisis to maintain the stability in
financial market and Basel 3 liquidity standards were followed by US and other countries.
Solution
2008 Financial Crisis- During 2006-07, US real estate market was at peak and there was boom in
US economy. Everything was going well. This financial crisis began with subprime crisis and
with the collapse of big giants in USA. In USA, people invested into properties and made new
properties by taking loan from banks. Banks provided loan without proper documentation and
security. Due to economic and monetary policies, demand for house and properties came down
and many properties got unsold. People and companies who took loan, could not repay it as they
did not have money. Banks could not get their money back and Lehman brothers and Merrill
Lynch got bankrupted. From here the crisis started and then followed by Global economic
downturn, great recession and European debt crisis.
After this crisis GDP and growth rate of USA and other countries came down. Stock market
crashed in a singe day. The growth came down to the negative figure in 2008 and it happened
after 1928 depression. Dodd frank act was introduced after the crisis to maintain the stability in
financial market and Basel 3 liquidity standards were followed by US and other countries.
