Essays on Financial Crisis

Direct reasons of Russia s 1998 economic crisis One of the direct reasons of Russia s 1998 economic crisis was the Russian government s failure to address fiscal imbalances. The structural issues were the indirect but more basic culprits. The government had a poor tax framework that did not produce enough...

Several theories have been advanced in the nearly a decade since Nortel Network Corporation declared bankruptcy. Poor strategy, tough competition from other companies, particularly those from China, a misinformed board of management and Chief Executive Officers, hubris, and the refusal of the federal government to support the corporation during the...

The Bursting of the Housing Bubble The bursting of the housing bubble took the US economy completely off guard. The term "housing bubble" is commonly used to identify the start of the housing crisis in 2008. The term "housing bubble" refers to a period in the real estate industry when the...

The decade from 2000 to 2009 was marked by market volatility, earning it the moniker "lost decade." In the early 2000s, the United States experienced huge spectacular run-ups that caused the market sector to collapse. High leverage and speculative bubbles characterized the decade. Particularly, the United States was beset with...

The Documentary Film "Inside Job" The documentary film Inside Job examines the issues surrounding one of the most catastrophic financial crises that the United States has ever faced. Charles H. Ferguson, the director, analyzed the financial services industry in 2008 and attributed the impending catastrophe to systematic malfeasance. The video is...

The East Asian Financial Crisis of 1997 The East Asian area suffered a significant economic setback as a result of the 1997 financial crisis. While most governments in this region have implemented policies to reduce the likelihood of such a catastrophe occurring, this article contends that another financial crisis is unavoidable....

The failure of Lehman Brothers Holdings, the world's fourth largest bank, shook the world's markets and cost investors billions of dollars (Schwartz, 2016). On Monday, September 15, 2008, Lehman Brothers filed for bankruptcy in the United States Bankruptcy Court in New York. This was the most dramatic action since the...

The 2008 Financial Crisis The first indication that the economy was shaky came in 2006, when housing prices began to fall. Realtors were pleased with the scenario because they believed the housing market would eventually return to a sustainable level; nevertheless, they were unaware that many homeowners had suspect credit. As...

The global financial crisis of 2008-2009 The global financial crisis of 2008-2009 likely altered popular wisdom in a variety of ways. Many people saw financial markets as a secure place to invest their hard-earned money. Furthermore, the availability of financial instruments has grown throughout time, providing investors with the chance to...

The Great Depression of the 1930s was perhaps one of the most depressing economic downturns in American and industrialised world history (Rittenberg and Tregarthen 689). It had an undeniable impact on the worldwide economic situation at the time. Despite the causes of the Great Depression are still being contested among...

The Emergency Economic Stabilization Act (EESA) established the Troubled Asset Relief Program (TARP) in October 2008. EESA was created to confront a persistent economic and financial crisis that reached fever pitch in September 2008. The Act authorized the Secretary of the Treasury to buy or protect up to $700 billion...

The Emergency Economic Stabilization Act (EESA) The Emergency Economic Stabilization Act (EESA) was drafted by the United States Congress and signed into law by President George W. Bush on October 3, 2008. This was a premeditated response to the oncoming financial crisis in the United States, which was reaching near-panic proportions....