So,Gordon Brown didnt cause the recent financial crisis ? Central bank governors and senior regulators have agreed new rules designed to prevent a repeat of the recent financial crisis. ref http://www.bbc.co.uk/news/business-11275688 So all the billions we gave the banks will not be used to provide loans to small business and help the recovery from recession…
Category Archives: Cause of Financial Crisis
Why did the democrats cause the financial meltdown?
Under President Jimmy Carter, the Community Reinvestment Act (CRA) was passed. It required federal financial institutions to encourage banks to give home loans to persons with little credit and low income. Economist Russell Roberts said that the CRA played a major role in creating the sub-prime mortgage crisis in the U.S. Under Bill Clinton, the…
Obama says that he inherited the economic crisis from Bush?
What specifically did Bush do to cause the economic crisis? People say that the two wars caused the financial crisis but thousands of workers building bombs, tanks, planes, cars, and other weapons are employed because of the war and thousands of soldiers are employed making combat pay because of the war. Entire countries are being…
What is causing the current financial crisis?
Could anyone explain what caused the collapse of some American Banks and why this has destabilised the world economy? The way I see it, the US banks (like the UK banks) simply loaned too much money to people that could not pay it back. The have loaned the money to so-called NINJAS (dunno if it’s…
What Do You Think is The Caused Of The Financial Crisis nowadays?
Your Worst : Sorry bout my grammar, English is a foreign language for me. Thank you steve . The economy of the United States is based on consumer spending, if Americans quit buying then the rest of the world and america suffer. The problem with that is that we’ve shipped most of the good paying…
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