Comments on: The 2008-2009 Financial Crisis – Causes and Effects

By: M.D

M.D — Wed, 14 Oct 2009 22:33:19 +0000

do you think that the world needs a more functioning economic system to cover the failure of the capitalism?

By: p.satheeshkumar

p.satheeshkumar — Sat, 22 Aug 2009 05:20:40 +0000

what shall we do in this financial crisis to protect ourself?

By: p.satheeshkumar

p.satheeshkumar — Sat, 22 Aug 2009 05:10:56 +0000

The financial financial crisis, especially that began in the fiancial sector of U.S. The financial crisis, which a year ago, it seemed to be localized in one part of the financial sector in U.S, has exploded into systematic crisis, spreading through highly interconnected financial market of Industrial countries and has had its effects on other markets as well.
what happened in U.S. was that, fianancial institution or bank borrows money from investors,and agrees to pay them 5% interest rate. Bank uses that fund for expands its martgage backed securities (MBS) which is paying 8% interest rate. The 3% difference between amounts is called ’spread’, which provides an incentive to borrow and invest and it is know as ‘leaveraging’, with increasing delinquencies and forecloser during 2006-2007. The value of MBS was declined as the borrower failed to pay instalment. resulting many financial institutions and mortgage companies suffered huge losses or bankruptcy. That’s what happened in U.S.

By: khem Raj Gaire

khem Raj Gaire — Fri, 03 Jul 2009 08:44:30 +0000

I like to know that what are the main causes of this global finincial crisis and what are the main effects of crisis , point wise . I will be very happy if sombody give me solution.

By: nadine

nadine — Wed, 10 Jun 2009 02:43:23 +0000

good stuff made its real easy to understand a little bit more about this problem

By: gipper

gipper — Mon, 08 Jun 2009 00:32:44 +0000

uhm, did anybody mention the role of credit default swaps?

By: shanaz

shanaz — Sun, 24 May 2009 15:15:16 +0000

can someone tell me whether if the solution for the current economic crisis of the WORLD (which resulted from the economic crisis of the US) is IMPORT CONTROL???
im having a hard time understanding the whole economic crisis-thing…and i really would appreciate some help…………

By: boyd

boyd — Fri, 22 May 2009 19:00:20 +0000

I’ve paid off 80% of the mortgage I took out 20 years ago, but lost my job in the recession; so even those who used credit responsibly are very vulnerable in the current economic crisis. Other family members who had AIG and BOA stock also lost disproportionally – and none of us are particularly ‘greedy’ – we worked hard for our money and just ended up being unfortunate victims of circumstance.
Hopefully we can stick together and find our way through this mess, but it’s going to take some time. The S&L crisis of the early 1990’s cost over $160 billion, it’s dwarfed by what this will end up costing…

By: iliya

iliya — Mon, 18 May 2009 13:27:30 +0000

financial crisi is a leverage “effect” to the global insdustralizationin the and period where the cheif operating officer of most company resigned their appointment, staff lay off,defoulting in share prises,bankrutcy of firm, and in increase in debt and where criditors gain.

By: John Kiyenze

John Kiyenze — Sat, 09 May 2009 08:37:58 +0000

i do think that economic crisis will spread all over the world because of well strengthed globalization