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Poor monitoring by the US of the banks lead to banks loaning money to people that were not able to pay them back.
And/or interest rates went up and many were not able to pay and the US banks were not making money.
Now the banks don't have as much money to loan to people and no one has money.
Most banks in the world are tied into the US banks and so they have less money too.
also,
tony Blair and George Bush had tea with kim jong il
:)
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∙ 12y ago
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What is the difference between a financial crisis and an economic crisis and which of both affects the other most?
A financial crisis is when wall street and the banks are failing. An economic crisis is when there is high unemployment or a recession.
What factors contribute to a financial crisis?
Depending on what kind of financial crisis is being described for example; large scale financial crisis such as businesses and communities or small scale such as personal financial troubles. On a personal level not having enough money to live of for necessities is a crisis. For large scale like a community if the economy is bad then that is a big problem as well.
What is different between currency crisis and financial crisis?
Yes. Both refers to the same.
How do you prevent financial crisis?
You dont waste your money..
Who tightened credit to force a financial crisis?
Nicholas Biddle
What is the ISBN of The Origins of the Urban Crisis?
The ISBN of The Origins of the Urban Crisis is 0691121869.
How does the current financial crisis effect Australians?
less money to spend on 4x
When was The Origins of the Urban Crisis created?
The Origins of the Urban Crisis was created in 1996-04.
How many pages does The Origins of the Urban Crisis have?
The Origins of the Urban Crisis has 375 pages.
Why did the financial crisis occur in 2008?
why financial crisis occur why financial crisis occur
What is the financial bailout package crisis?
There is no such crisis as the financial bailout package crisis. the bailout was created to overcome the financial crisis.
What are the exact dates of the 2008 financial crisis?
There is no exact date for the 2008 financial crisis. A financial crisis is a series of mishaps that happen together to cause a crisis.
Where did the global financial crisis start?
The origin of the Financial crisis was in the United States.
When was Kingfisher Airlines financial crisis created?
Kingfisher Airlines financial crisis was created in 2004.
What are the Impact of Financial Crisis in Nepal?
i think the current economic crisis is all due to increased food price, inflation and non repaying habit of people towards the credit acquisition.
What southern European country is experiencing a financial crisis 2012?
Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.Greece is the country in southern Europe that is having the biggest financial crisis in 2012. To a lesser extent Italy, Spain and Portugal also are having a financial crisis, but not as bad as Greece.
What is the difference between a financial crisis and an economic crisis and which of both affects the other most?
A financial crisis is when wall street and the banks are failing. An economic crisis is when there is high unemployment or a recession.
