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This TED Talk was presented to uncover the truth behind the 2008 financial crisis. He discusses the conventional wisdom that effected the crisis. Wesbury claims that the blame is to be on the free market capitalist system. He states that this group, particularly bankers, carry with them excess greed and excess speculation, leaving a record breaking financial crisis in the hands of the government, when they finally 'lost control'. He also claims that this is the same cause of the Great Depression. He also states that if interest rates remained around 4-5% during the early 2000's, the US would not have seen the housing conflict that influenced the crisis.
This article published by Forbes is a speech from a former Harvard Graduate and business journalist, Robert Lenzner. It captures the reasoning behind certain decisions and illustrates the frustrations faced during the time particularly from within land owners, bankers, and large corporations that work on the side of investing into the world market. This article claims to show the trillions of dollars that were being used to save the economy as businesses and financial leaders entered bankruptcy. This is a biased speech, based on one individual's outlook, however it comes from a relatively reliable source being a Harvard graduate and then being published on Forbes.
This information posted by the Canadian Encyclopedia is for reviewing facts, events and timelines of important dates during the Financial Crisis of 2008. It may have a Canadian bias, but is purely formed on facts rather than the other articles that have personal opinions influencing the information disclosed. This article focuses primarily on the causes, effects and results of the 2008 financial crisis on Canada. The article also claims the cause of the crisis to be blamed on the 'surge and collapse of United States housing prices during the 2000's'.
As an alternative position, this article published by CBS News highlights that the devastating 2008 crisis was 'avoidable'. The article by Joshua Norman claims that it is possible that the factors contributing to the crisis include many public figures, organizations and poor risk factor decisions being made. The article does not claim just one source to be held responsible for the crisis, but makes a clear point to say that this was a large mistake to be blamed on the United States economy.
This is a CNN news report from Sep 15, 2008. The reporters discuss the breaking news that the Lehman Brothers claimed it will file for bankruptcy. They focus on analyzing the effects of this major event and how it will effect the already falling stock market, the world market and the effect the overall financial crisis on the public. This news report looks at this event as an international investment crisis and a major conflict in the world market.
In this article by Wall Street Oasis, it captures a detailed overview of some background knowledge of the world and the United States economy to strengthen the readers understanding of the events and causes that were involved with the 2008 crisis. This website captures many facts, timelines and reasoning behind the decisions that were being made, and how those differentiated in their influence on the crisis. The website also briefly summarizes the conflicts large companies and banks in the world, but particularly the United States.