Poll week 6 dis Essay Example | Topics and Well Written Essays - 250 words

Poll week 6 dis - probe ExampleKey among the causes of global financial crisis was the credit crunch in which US investors lost boldness in the value of sub-prime mortgages that in turn led to a liquidity crisis. The step by the US Federal Bank to inject large sum of capital into financial markets also contributed to this global crisis ( dismantle course, 2013). The crisis widened by family 2008, when the stock markets across the globe crashed, by that, becoming highly volatile. The event of family 14, 2008, when the Lehman Brothers collapsed, profoundly contributed to global financial crisis.The decision by Federal Reserve Chairpersons to dismiss the build-up of the housing belch until 2007 from 202, contributed to this crisis. They never took the initiate to control the housing bubble or regulate mortgage companies. The Wall passageway Executives decision to ignore policies focusing on internal risk management and their aim to increase revenues in a short time led to the crisis . In addition, the decision by US Presidents to hire designer Wall Street lobbyists to serve as government policy makers, led to bailing out of banks without any need to moral hazard. The decision risked the future of the national economy and shifted the burden to taxpayers.Timeline Key events in financial crisis. (2013, September 9). Retrieved February 12, 2015, from