The document summarizes the causes and effects of the 2008 financial crisis. It identifies low interest rates, lack of regulations, risky subprime lending, securitization of mortgages, and conflicts of interest between banks, rating agencies, and borrowers as contributing factors. Major effects included destruction of wealth, rising poverty, job losses, increased food stamp usage, and a domino effect of bank failures exacerbating the crisis. The crisis disproportionately hurt the poor and middle class while concentrating more wealth among the richest 1%.
The 2008 global financial crisis is said to be the worst financial problem to have faced the world since the Great Depression of the 1930s. The financial crisis was preceded by an economic boom of some sort and high investment levels. In fact, prior to this crisis, many economists had voiced their concerns over the amount of credit flow in the US as well as investments. So what really caused this financial catastrophe and what effects did it have on America and the world at large?
This article will discus the Causes of the Global Financial Crisis of 2008
- See more at: http://www.customwritingservice.org/blog/the-global-financial-crisis-of-2008-causes-and-effects/
This presentation explains the events and causes that led to Global Financial Crisis in 2007-08, mainly focused on Collateralized Debt Obligations, Sub-Prime Mortgages, Credit Default Swaps and Housing Bubble.
The 2008 global financial crisis is said to be the worst financial problem to have faced the world since the Great Depression of the 1930s. The financial crisis was preceded by an economic boom of some sort and high investment levels. In fact, prior to this crisis, many economists had voiced their concerns over the amount of credit flow in the US as well as investments. So what really caused this financial catastrophe and what effects did it have on America and the world at large?
This article will discus the Causes of the Global Financial Crisis of 2008
- See more at: http://www.customwritingservice.org/blog/the-global-financial-crisis-of-2008-causes-and-effects/
This presentation explains the events and causes that led to Global Financial Crisis in 2007-08, mainly focused on Collateralized Debt Obligations, Sub-Prime Mortgages, Credit Default Swaps and Housing Bubble.
Introducing Subprime Mortgage Crisis PowerPoint Presentation Slides. The presentation highlights the impact of the financial crisis of the year in percentages. Take the advantage of our ready-to-use PPT template to showcase fall in housing prices, unemployment, etc. during a crisis. The impact of a great recession on investment banks is also discussed in this presentation. This content-ready slide design also illustrates the significant financial bubble burst of financial years. Highlight the cost of the financial crisis and its key members. The effects of the crisis on the economy of the US can be effectively discussed using our PPT theme. Showcase how the crisis started spreading in various other parts of the country with the use of this PPT visual. Depict how CDO customers protect themselves during the recession. Explain the effect of subprime in many countries with this PPT theme. Further, describe the current scenario after a decade of a financial crisis in the US. Explain fed tapering, quantitative easing, etc. effectively by using this PPT slideshow. At last, the presentation discusses the vision, mission, and goals of the company. https://bit.ly/2PeSvsw
Overview about The financial Crisis in 2008. The presentation with 4 main points: reasons, development (also including responses), and consequences.
We hope that this is an easy source of information for you to understand this crisis.
The global financial crisis, brewing for a while, really started to show its effects in the middle of 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.
On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns.
This presentation provides an overview of the crisis with links for further, more detailed, coverage at the end.
A crisis so severe, the world financial system is shaken…
Attached is a wonderful presentation by the wizard financial analyst and writer Arif Anees. Hope you'd all relish this rare stuff..
Short presentation on fall of the 4th biggest investment bank firm in United States during the period of financial crisis in 2008 which ultimately started recession in Unites States Of America and subsequent impact on whole world of economy.
Introducing Subprime Mortgage Crisis PowerPoint Presentation Slides. The presentation highlights the impact of the financial crisis of the year in percentages. Take the advantage of our ready-to-use PPT template to showcase fall in housing prices, unemployment, etc. during a crisis. The impact of a great recession on investment banks is also discussed in this presentation. This content-ready slide design also illustrates the significant financial bubble burst of financial years. Highlight the cost of the financial crisis and its key members. The effects of the crisis on the economy of the US can be effectively discussed using our PPT theme. Showcase how the crisis started spreading in various other parts of the country with the use of this PPT visual. Depict how CDO customers protect themselves during the recession. Explain the effect of subprime in many countries with this PPT theme. Further, describe the current scenario after a decade of a financial crisis in the US. Explain fed tapering, quantitative easing, etc. effectively by using this PPT slideshow. At last, the presentation discusses the vision, mission, and goals of the company. https://bit.ly/2PeSvsw
Overview about The financial Crisis in 2008. The presentation with 4 main points: reasons, development (also including responses), and consequences.
We hope that this is an easy source of information for you to understand this crisis.
The global financial crisis, brewing for a while, really started to show its effects in the middle of 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.
On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns.
This presentation provides an overview of the crisis with links for further, more detailed, coverage at the end.
A crisis so severe, the world financial system is shaken…
Attached is a wonderful presentation by the wizard financial analyst and writer Arif Anees. Hope you'd all relish this rare stuff..
Short presentation on fall of the 4th biggest investment bank firm in United States during the period of financial crisis in 2008 which ultimately started recession in Unites States Of America and subsequent impact on whole world of economy.
An attempt to develop the significance of the difference between Post-Keynesian and Neoclassical economics by examining two representative economists (Steve Keen and Paul Krugman). Very simplified exposition because the speech time limit was 7 minutes.
A lecture delivered in 2010/11. Why the economy will collapse is a warning to all investors who speculate on stocks and shares, and other forms of speculation. It is far better to invest directly into CASH & PROFITS.
This paper is a summary of press clippings gleaned from Internet during the period April to July 2008. This exercise was performed to provide a quick summary of the US credit crisis at that particular point in time / 2nd quarter 2008. The paper was presented to a non native English speaking European audience consisting primarily of insolvency judges July 3rd 2008 in Paris.
Alternative Currencies: The Solution to the Economic Crisis?Brian McConnell
"What is now being called the 'Great Recession' shows no sign of ending either in the U.S. or elsewhere in the world. What then should be done? In many locations people are increasingly turning to creation of alternative currencies. But can these really be effective?
This and many other questions will be addressed by Richard C. Cook, author and retired U.S. Treasury analyst."
As a resident of Roanoke and director of the Peace Spiritual Center, Richard brings a wealth of information and an open-eyed critique of the most discussed solutions as well as examples from both ancient and recent history.
2. Brief effects
• destruction of equity wealth, of housing
wealth; the destruction of income, of jobs;
• 50 million people globally could end up below
the poverty line again
• 30 million people lost their jobs — this is just a,
a hugely, hugely expensive crisis.
• The number of Americans on food stamps has
increased 74% since 2007.
3. • By the time George W. Bush took office in
2001, the U.S. financial sector was vastly more
profitable, concentrated, and powerful than
ever before.
4.
5.
6.
7. The reasons of financial
crisis(subprime crisis) in 2008
Lowest interest rates since 2001
( then after 2005 they increase the interest rates and
that contribute to bankruptcy . )
Lack of regulations
led the financial market was extremely
unstable.
Everyone easily could get money at lowest
rates.
Then they speculate the real estate and they
Impawn the estate to the bank to get new loan
and the price of houses of US was skyrocketed.
8.
9. What is Subprime lending?
means making loans to people who
may have difficulty maintaining the
repayment schedule. These loans are
lend by higher interest rates and less
favorable terms in order to higher
credit risk.
12. This is the thinking of the crazy people
who borrow the money to buy houses
• “ Real estate is real. They can see their asset;
they can live in their asset; they can rent out
their asset.”
13.
14. In the old system, when a homeowner paid their
mortgage every month, the money went to
their local lender. And since mortgages took
decades to repay, lenders were careful.
15. Thirty years ago, if you went to get a loan for a
home, the person lending you the money
expected you to pay back.but…
We've since developed securitization, whereby
the people who make the loan are no longer at
risk if there is a failure to repay.
16. • The investment banks create a very
complicated, destructive, innovative and
complex —financial derivative called
collateralized debt obligations, CDOs.
17. • And investment banks pay the rating agencies
to value the CDOs so that the CDOs can be
sold more “successful”
18. • Goldman Sachs; Bear Stearns; Lehman
Brothers; Merrill Lynch, were all in on this.,
subprime lending alone increased from
30 billion a year in funding to over 600 billion
a year, in 10 years.
19.
20. The risk
• This system was a ticking time bomb. Lenders
didn't care anymore about whether a borrower
could repay, so they started making riskier loans.
The investment
• banks didn't care, either; the more CDOs they
sold, the higher their profits. And the
• rating agencies, which were paid by the
investment banks, had no liability if their ratings
of CDOs proved wrong
25. The deeply Effects
• the number of small businesses in America
is rapidly declining. The giant banks and the
giant corporations that run everything are
constantly running around stomping all of the
“small banks" out of existence. This has
created an environment where the rich are
constantly getting richer and the poor are
constantly getting poorer.
26. The evidence of the poor are getting
poorer
• The wealthiest 1 percent of all Americans now
own more than a third of all the wealth in the
United States.
• In 1970, 65 percent of all Americans lived in
"middle class neighborhoods". By 2007,
only 44 percent of all Americans lived in
"middle class neighborhoods".
