Lending to people who weren't able to re-pay the money.
Yes I do believe we are in a economic crisis
due to the financial crisis he now lives in the gutter
LDC debt crisis is where countries can't meet their global financial obligations thus the country is bankrupt. Greece is now in its 5th year
Right now its moving towards recession, its financial sector which is a major contributor to its GDP took heavy damage during the recent financial crisis.
Everything is okay now with the crisis over.
Lehman Brothers was a global financial services firm that primarily engaged in investment banking, trading, and investment management. They faced significant trouble during the 2008 financial crisis due to their heavy exposure to subprime mortgages and risky financial products, leading to massive losses. Ultimately, their inability to secure funding and investor confidence resulted in the firm filing for bankruptcy, marking one of the largest bankruptcies in U.S. history and triggering a widespread financial crisis.
The amount banks owe from bailouts varies significantly depending on the specific financial crisis and the institutions involved. In the 2008 financial crisis, the U.S. government provided over $700 billion through the Troubled Asset Relief Program (TARP) to stabilize the banking sector. As of now, most banks have repaid their bailout funds, but the total outstanding liabilities can change with new financial challenges or regulatory measures. For current figures, it’s best to refer to recent financial reports or government disclosures.
One of the most important reasons for this crisis in my opinion is developed countries' huge lock out of funds in arms of massive destruction which we know are thousants of trilions of dollars , now laying idle , following the race of arming. Definintely , this would have its impact on the crisis .
Muhahahahahahahahahahaahahah
There was a scare early on in 2009 that GM would eliminate the Pontiac brand from the assembly line but as far as now Pontiac is still up and running.
By now (July), the federal tax reimbursements for 2009 should no longer be backlogged. However, certain state tax reimbursements may be backlogged, especially if the state is suffering a financial crisis.
Islamophobia, and the market.