The Aftermath Effects Of 2008 - 946 Words

The most commonly known sub-prime finance crisis came into illumination when a sudden rise in home foreclosures in 2006 twirled seemingly out of control in 2007, triggering a nationwide economic crisis that went worldwide within the year. The greatest responsibility is pointed at the lenders who created such problems. It was the lenders who, at the end of the day, lend finances to citizens with poor credit and a high risk of failure to pay. When the Feds inundated the markets with growing capital liquidity, its purpose was not only to lesser interest rates but it also largely low risk premiums as shareholders sought after dangerous opportunities to strengthen their investment profits. At that point of time, lenders found themselves loaded with capital for lending out and higher willingness to undertake higher risks in a surge to get greater investment returns. To triumph over of the financial unsteadiness and housing price bubbles, Federal Reserve has to intervene to combat these iss ues. This research paper will be reviewing the aftermath effects of 2008, one of the harshest U.S financial disaster happened in the worldwide financial system. The recession, which was from 2008 to 2009, was the longest recession and had its deep effects to the economy. The sub-prime crisis affected, not only to the US, but it’s footpath across the world. The economic financial system across the world experienced suffering very badly, thereby leading the deteriorating of the economy. AccordingShow MoreRelatedEffects of the Financial Crisis: Strained Relationships Between Employees and the Management644 Words   |  3 Pagescreated a strained relationship between common employees and management all across the country. The immediate effects of the crisis were a period of deep job cuts in many economic sectors. Some industries, such as finance, shed hundreds of thousands of jobs as firms like Bear Stearns and Lehman Brothers completely shut down. (Stjern, 2008) Other sectors suffere d in the immediate aftermath, like public sector services as well as construction. The unemployment rate across the country rose to 10%, andRead MoreThe Great Recession Essay1692 Words   |  7 PagesGeorge Santayana, a Spanish poet and philosopher said, Those who do not learn history are doomed to repeat it. This quote applies to the Great Depression of 1929 and the Great Recession of 2008. There are many similarities between the two, like the causes, the actual events, and the aftermaths. Several factors led to the Great Depression, which were the following: overproduction by business and agriculture, unequal distribution of wealth, Americans buying less, and finally, the stock market crashRead MoreThe Concept of Power Essay1245 Words   |  5 Pagesof authority (Stojkovic et al., 2008). It is for this reason that power is an important attribute in criminal justice agencies. It is important as a criminal justice manager, and agency as a whole, to have legitimate power. Power that is not coercive and works for the good of the organization is beneficial in gathering information, resources, and compliance. Legitimate, expert, and referent power can be effective in the attainment of goals (Stojkovic et al., 2008). Legitimate power operates onRead MorePower Of The Particular State And The Constitution Of It1509 Words   |  7 Pagesmaterial to the factories in Britain. The Britain domination over Malaya meant that it control the world’s trade since Malaya is strategically situated between India and China, the world’s busiest lanes (Oxford Business Group, The Report: Malaysia 2008, 148) Last but not least, Royal Navy also play roles in the emergence of British as the world’s great power (Crouzet, A history of the European economy, 115). Britain controlled the sea and the Royal Navy proved to be the most powerful navy in theRead MoreThe Aftermath And Acts That Followed The Boston Tea Party1522 Words   |  7 PagesThe Aftermath and Acts That Followed the Boston Tea Party Karla Valeria Gonzalez Formatted Rough Draft Mr. Isaac G. Pietrzak U.S. History 1301 November 4, 2016 On the Thursday of December 16th of the year 1773, several men began to dump what is now worth over a million dollars of British tea into the Boston Harbor. This later became known as the famous Boston Tea Party. The Boston Tea Party was the initial cause of the American Revolution and the freedom America has gainedRead MoreEssay on The Psychological Effects of Stroke in Older Adults1733 Words   |  7 PagesThe Psychological Effects of Stroke in Older Adults Elderly people are continuously faced with the debilitating effects of the aging process. Age-related diseases are part of the aging process that put the elderly population at risks for physical, mental, and social incapacity in dealing with their everyday functioning. However, more than the external deleterious consequences of these diseases are the psychological ramifications that they have to older adults that are worth investigating. CerebrovascularRead MoreFinancial Crisis Of A Single Country1671 Words   |  7 Pages Table of Contents Summary 2 Financial crisis 3 Impact of financial crisis 4 Effect of financial crisis on different on the economies of different countries 5 Mathematical problems 6 Conclusiom 8 References ..................................................................................................................................................9 Summary Financial crisis has long been a part of global economic recession throughout the history. Here, the purpose of this assignmentRead MoreWomen And Domestic Violence : Lauren Lys Essay1699 Words   |  7 Pagesamongst the poor. Victim and witness assistance programs in the court systems try to minimize victimization by the criminal justice system, and encourage cooperation of victims and witnesses during the court process. According to Carlson, one obvious effect of domestic violence is physical injury; 42% of physical assault victims reported injuries most commonly scratches, bruises, and welts. Domestic violence, also called intimate partner violence, is a pattern of behavior used to establish powerRead MoreOn September 11Th, 2001, Terrorists Hijacked Four Planes1182 Words   |  5 PagesNonetheless, the economic shifts caused by the attacks were significant and included both short-term effects, such as currency fluctuations and stock market drops, as well as long-term consequences, such as moderate effect on GDP growth and unemployment. In addition, the â€Å"war on terrorism† itself continues to this day and has become an unprecedented case of government spending. In the immediate aftermath of the attack, the most significant impact, albeit short-term was caused by a so-called â€Å"fear factor†Read MoreThe Aftermath Of Fiscal Policy1490 Words   |  6 PagesThe aftermath of Fiscal Policy It has been eight years since The Great Recession hit the United States economy. What could have brought one of the world’s strongest economies down to a point where unemployment rates grew out of control, the housing market crashed and banks needed assistance from the federal government in the form of bailouts. Didn t the United States have a similar situation happen in the early 1930’s? Were Congressional policies not put in place? If so, were policies put into