answersLogoWhite

0

everyone thinks Bush caused it but... Obama is not helping us much either. He says he is trying and there would be change well people not the kinda of change we were execting huh? i dont think he expected it either.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Finance

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.


How did the current world financial crisis spread?

there are many ways the financial crisis spread.: 1) the $700 billion dollar bail out. 2) too many mega million lottos. 3) lastly, government keeps spending too much on wars, and public works.


What are the current problems facing banks?

Banks are emerging from one of the worst financial crisis in 80 years. Current problems facing banks are tighter regulation, an overhang of debt in the west, and the immense growth in emerging global economies.


What caused the stock market crisis if 2007?

The 2007 stock market crisis was primarily triggered by the bursting of the housing bubble, which had been fueled by subprime mortgage lending and the proliferation of high-risk financial products. As home prices began to decline and mortgage defaults surged, financial institutions faced severe losses, leading to a loss of confidence in the banking system. This culminated in the collapse of major financial firms, widespread credit market freeze, and ultimately a global recession. The crisis revealed significant weaknesses in regulatory oversight and risk management practices within the financial industry.

Related Questions

How does the current financial crisis effect Australians?

less money to spend on 4x


How would you use deregulation in a sentence?

The process of deregulation caused the 2008 financial crisis.


Why did the financial crisis occur in 2008?

why financial crisis occur why financial crisis occur


Insights of financial crisis.. this will give a benefits to?

The US Subprime financial crisis, caused a massive void in the country's economy and the liquidity in the markets was affected badly. Nobody has gained any benefit because of this. Everyone is suffering because of the crisis.


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.


Did people of Jewish descent cause the financial crisis?

There are certainly Jews in banking, but it would be preposterous to say that "Jews" caused the financial crisis. The banks in aggregate caused the financial crisis and Jewish bankers and non-Jewish bankers are equally culpable for creating this fiasco in proper proportion to their activities concerning the creation of subprime mortgages, mortgage-backed securities, and fraudulent practices.


What event or catastrophe caused a large number of layoffs and prolonged period of unemployment in America?

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.


Why is unemployment stubbornly high?

Because of the recession caused by the Financial crisis of 2008. This in tun was created by reckless lending.


Where did the global financial crisis start?

The origin of the Financial crisis was in the United States.


What events around the turn of the 21st century caused a global economic slowdown?

The Asian financial crisis in 1997, followed by the terrorist attacks on the United States in 2001 and Argentina's financial crisis that worsened in 2002, sent the world economy into a global slowdown.


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.