financial crisis

Financial crisis can refer to any significant economic instability due to inflation, foreign currency fluctuations, bank panics, stock market crashes, or government defaults on debt.

The financial crisis of 2007-2010 refers to the widespread failure of banks and banking systems worldwide during the recession that started in the United States in the Fall of 2007. The financial crisis was precipitated by escalating defaults in United States sub-prime mortages that collateralized financial securities. The escalating defaults let to dramatic declines in the value of the securities backed by the sub-prime mortgages — eventually resulting in bank insolvencies around the globe. Where there were not outright bankruptcies, concern regarding the financial condition of financial institutions led bank depositors to withdrew money at a pace that could not be covered by cash reserves.

You can read about financial crisis at sites like the Huffington Post and the Baseline Scenario.

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Original Technorati articles tagged “financial crisis”

• in Family
  Educating Children About Finances Could Have Lessened the Current Financial Crisis
  Author believes that if Americans had better financial knowledge, less would be in debt and the current financial crises wouldn't have been so bad
  by savingadvice / on Nov 28, 2011
• in Finance
  The United States Contagion Effect
  The group's CEO Economic Outlook Index, a measure of the nation’s economic performance, dropped for a 2nd consecutive quarter to 77.6, its lowest reading since Q4 2009.
  by thetrust / on Oct 16, 2011
• in Finance
  And Now the Poverty Spreads
  An unprecedented 15.1% of Americans were under the poverty line as of 2010. The highest number ever recorded.
  by eduardazo / on Sep 14, 2011

Latest blogosphere posts tagged “financial crisis”

 

• Endgame: Central Banks Lose Control – Schaeuble Fears Global Financial Crisis

  
  InvestmentWatch: Emerging markets, Real Estate, Personal finance, Business management, Politics, Economics — Authority: 563
  Wolfgang Schaeuble is scared about the enormous amount of money, the central banks have pumped into the markets. He asks the central banks to collect the cash back. However, these have not the slightest idea how this will go. The central planners dawns on you that the game is likely to lead to banking crash. ...
  6 days ago

• Here’s How to Save Your 401k From Getting Wiped Out

  
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  The recession threw a huge wrench in the American retirement plan. Defined-benefit pensions have never been as widespread as commonly believed. After hitting a high of 112,000 private-sector pension plans in the 1980s, that level has now dropped close to 30,000. In particular, government action has served to ...
  1 week ago

• VIDEO: Latest Business News

  
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  BOJ chief expects no spike in long-term Japan interest rates G7 to press on with bank reforms, gives Japan free pass ECB’s Draghi says no call for G7 central banks to do more Thanks for checking us out. Please take a look at the rest of our videos and articles. To stay in the loop, bookmark our ...
  1 week ago

• VIDEO: ECB’s Draghi Says no Call for G7 Central Banks to Do More

  
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  ECB’s Draghi says no call for G7 central banks to do more Stocks rise for a third week in a row Stocks pull back from record levels on Wall Street Thanks for checking us out. Please take a look at the rest of our videos and articles. To stay in the loop, bookmark our homepage . div#grabpreview ...
  1 week ago

• Spain is officially insolvent: get your money out while you still can

  
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  Id not noticed this until someone drew my attention to it, but the latest IMF Fiscal Monitor, published last month, comes about as close to declaring Spain insolvent as you are ever likely to see in official analysis of this sort. Of course, it doesnt actually say this outright. The IMF is far... This is a content ...
  1 week ago

• European Economy

  
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  By Pavel Constantin, Cagle Cartoons, Romania Related Entries May 8, 2013 Willie Manning Execution Postponed May 6, 2013 Death Row Inmate Denied DNA Test, Scheduled to Be Executed Tuesday
  1 week ago

• We dont need support insists Co-op

  
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  Filed under: Current Accounts The Co-operative has insisted its bank did not require government support after a ratings agency warned it may need a taxpayer bail-out. In a message to reassure customers and members, the Co-op said "we havent sought nor do we need government support" and insisted it was taking ...
  1 week ago

• NTEU wins election to represent Consumer Financial Protection Bureau employees

  
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  Employees of the Consumer Financial Protection Bureau have elected the National Treasury Employees Union to become the first labor group to represent them, the union announced Friday. The Federal Labor Relations Authority, which oversees such elections, has confirmed the results. Agency spokeswoman Sarah Spooner ...
  1 week ago

• VIDEO: S 500 Breaks String of Record Closes

  
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  S 500 Breaks String of Record Closes Stocks pull back from record levels on Wall Street Ford Tells Shareholders to Be Patient About Stock Price Thanks for checking us out. Please take a look at the rest of our videos and articles. To stay in the loop, bookmark our homepage . div#grabpreview ...
  1 week ago

• Bernanke says Fed increasing financial monitoring

  
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  The Federal Reserve has broadened its oversight beyond banks and now monitors a wide-range of financial institutions that could hasten another financial crisis.
  1 week ago

• Financial Crisis Caused By Cocaine

  
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   The financial crisis that has plagued the world for the last several years has had many up in arms. Everybody wants something or someone to blame. From political parties bouncing back and forth, regulations wobbling, and general chaos of the public, it has caused a financial and social problem that reaches all ...
  1 week ago

• Ethically And Legally Exit The System While You Still Can

  
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  WEB Notes: Take careful note of what I underlined below. If the government wont bailout the "too big to fails" they may be bailed out with your banking dollars... Remember Cyprus? It is clear why Chairman Bernanke has not expressed enthusiasm about being reappointed as Chairman. In this... This is a content summary. ...
  1 week ago

• Big Banks Opposing Tighter Regulations: A Conflict-of-Interest

  
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  Being able to count on a person or company of persons having sufficient motivation to provide a self-defense is no feat of human nature, for self-interest is a staple in human nature.   It should be no surprise, therefore, that after repaying the TARP money, the biggest American banks went on the offensive in ...
  1 week ago

• Irish Exodus

  
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  According to BBC radio this morning, 7% of the population of Ireland has emigrated in the wake of the Irish financial crisis.  This is comparable, for example, to the demographic impact of Hurricane Katrina on the population of Louisiana.  This was facilitated largely by the laws in the European Union permitting ...
  1 week ago

• Greek Unemployment Hits New Record High, Youth Jobless Rises By 5% In One Month To 64.2%

  
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  The Greek economic depressionary catastrophe continues to merrily chug along. Hours ago, Greek Elstat reported that February unemployment rose to a new record high of 27.0%, with the January number revised from 27.2% to 26.7%, up from 21.9% in February 2012, and almost as if unlike the Greek BLS... This is a content ...
  1 week ago

• New Silicon Valley on the Emerald Isle

  
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  photo credit: || UggGirl via photopin cc In 2010, after a job interview with Google’s Dublin headquarters, I remember feeling vaguely surprised that Google was located in Ireland.  I’d always associated Ireland with images such as Guinness, Riverdance, and Shane McGowan – not with Silicon Valley-style ...
  1 week ago

• San Francisco: Issue an Impact-Rated Muni Bond in Energy Efficiency

  
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  In light of San Franciscos Board of Supervisors resolution to divest from fossil fuels, students of Presidio Graduate School call for its issuance of the nations first impact-rated municipal bond for energy efficiency. The post San Francisco: Issue an Impact-Rated Muni Bond in Energy Efficiency appeared first on ...
  1 week ago

• How have a series of global shocks changed the way we think about development?

  
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  This piece appears in today’s Ottawa Citizen The past five years has been a period of extraordinary global turbulence. The turmoil has struck as three “shocks” — the financial crisis, a breakdown in the world food system, and the Arab Spring — combined with a slow motion train wreck in the form of the ...
  1 week ago

• Financial culinary skilling

  
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  Reuters : Hard-pressed company bosses across much of the world are under so much pressure to deliver on growth that many have resorted to cooking the books, Ernst & Young said in a survey Tuesday. One in five of almost 3,500 staff quizzed in 36 countries in Europe, the Middle East, Africa and India said they ...
  1 week ago

• A National Deficit Decline the GOP May Be Hard Put to Explain

  
  Michael-In-Norfolk - - Coming Out In Mid Life — Authority: 154
  If one listens to the endless verbal diarrhea emanating from far right talk radio and many within the GOP - including some of my former proteges who seem to be imbibing Kool-Aid by the gallon -  youd believe that the nations budget is increasing.  Indeed, everything coming from the right describes President Obama as ...
  1 week ago

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