2
answers
0
watching
80
views
18 Feb 2019
The Financial Crisis of 2007 â 2009 was the worst economic downturn since the Great Depression of the 1930âs, and like that event had global repercussions and consequences. Also like the earlier crisis there were significant events that were under the control of policy makers that made the 2008 crisis worse, among these were lax banking regulations on home loans, a losing of regulations that had prevented commercial banks from engaging in speculative behavior more typically reserved for investment banks and hedge funds (see also: The London Whale). Please contribute to our discussion by writing on âwhether the crisis could have been prevented or significantly mitigated by better bank supervisionâ.
The Financial Crisis of 2007 â 2009 was the worst economic downturn since the Great Depression of the 1930âs, and like that event had global repercussions and consequences. Also like the earlier crisis there were significant events that were under the control of policy makers that made the 2008 crisis worse, among these were lax banking regulations on home loans, a losing of regulations that had prevented commercial banks from engaging in speculative behavior more typically reserved for investment banks and hedge funds (see also: The London Whale). Please contribute to our discussion by writing on âwhether the crisis could have been prevented or significantly mitigated by better bank supervisionâ.
Deanna HettingerLv2
19 Feb 2019
Already have an account? Log in