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”

 

• Investors look for answers on economy from Fed

  
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  Worry and speculation have consumed investors since Chairman Ben Bernanke told Congress about the Federal Reserves drive to keep interest rates at record lows.
  13 hours ago

• Wall Streets lawfare strategy against regulation | Heidi Moore

  
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  After lobbying Congress to weaken the Dodd-Frank financial reforms, big banks are delivering the coup de grace by litigation Last week, in a Washington, DC courtroom, a whole bunch of powerful people gathered with a common purpose: to try to kill the Dodd-Frank financial reform act. That quest may seem a bit ...
  14 hours ago

• The Guardian: Britain, United States spied at summits

  
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  LONDON — British and U.S. spy agencies monitored the e-mails and phone calls of foreign dignitaries at two international summits in London in 2009, the Guardian newspaper reported Monday, citingdocuments it received from former National Security Agency contractor Edward J. Snowden . Read full article >> ...
  2 days ago

• The Guardian: Britain, United States spied at summits

  
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  LONDON — British and U.S. spy agencies monitored the e-mails and phone calls of foreign dignitaries at two international summits in London in 2009, the Guardian newspaper reported Monday, citingdocuments it received from former National Security Agency contractor Edward J. Snowden . Read full article >> ...
  2 days ago

• Eurozone crisis live: Greece gripped by row over closure of state broadcaster

  
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  Leaders of Greeces coalition government will hold crunch talks tonight over the future of state broadcaster ERT, after prime minister Samaras ruled out early elections Graeme Wearden        
  2 days ago

• Eurozone crisis live: Greece gripped by row over closure of state broadcaster

  
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  Leaders of Greeces coalition government will hold crunch talks tonight over the future of state broadcaster ERT, after prime minister Samaras ruled out early elections Graeme Wearden        
  2 days ago

• Wall Street is winning the long war against post-crash regulation | Heidi Moore

  
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  Feeble as it was, Dodd-Frank was a high point of reining in abuses. Thanks to financial lobbying, its business as usual Less than ten years ago, if a Wall Street trader wanted to find a sucker to buy bad mortgages, he knew where to find him: often, sitting in an office in a German landesbank in a small city, looking ...
  3 days ago

• How strong is the economy Canadas Mark Carney leaves behind?

  
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  The incoming Bank of England governor has a fine track record, but to what extent has it been burnished by the demand for Canadas natural resources? Bob Robinson, the good-natured, broad-shouldered boss of Calgary construction firm Westcor, says: "If you cant get a job in this city, youre not trying." Calgary is the ...
  4 days ago

• Compare and Contrast Platforms: Obama and Communist Party USA 2008!

  
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  On second thought the contrasts, if any exist, are minuscule with the Obama administration seeming to have fulfilled a great many of the planks in the Communist Party agenda! This is an oldie but, in light of the scandals currently permeating the Obama administration, a stark reminder that elections have ...
  4 days ago

• We Are in Third Period Of A Loosening Of Bank Underwriting Standards: Goldman

  
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  Via Goldman Sachs: We are in the third period of a loosening of bank underwriting standards in the past two decades. The outcomes of the first (1993-1998) and second (2004-2007) were materially different, as the former resulted in an acceleration in loan growth (9% per year) with minor implications for credit losses, ...
  5 days ago

• VIDEO: Federal Reserve Latest News: Bernanke Confounds, Wall Street Reaches for Theories

  
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  Bernanke Confounds, Wall Street Reaches for Theories. This time, bond investors think a Fed pullback is real. Bernanke to deliver semi-annual testimony to Congress July 17-18 Thanks for checking us out. Please take a look at the rest of our videos and articles. To stay in the loop, bookmark our ...
  5 days ago

• VIDEO: Monetary Policy Latest News: Bernanke Confounds, Wall Street Reaches for Theories

  
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  Bernanke Confounds, Wall Street Reaches for Theories. This time, bond investors think a Fed pullback is real. Global stocks plunge on monetary worries 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 ...
  5 days ago

• VIDEO: Finance Latest News: Young Americans Are Ditching Credit Cards

  
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  Young Americans Are Ditching Credit Cards. Bernanke Confounds, Wall Street Reaches for Theories. Smithfield profit plunges on drop in exports 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 ...
  5 days ago

• VIDEO: Monetary Policy Latest News: Bernanke Confounds, Wall Street Reaches for Theories

  
  — Authority:
  Bernanke Confounds, Wall Street Reaches for Theories. This time, bond investors think a Fed pullback is real. Global stocks plunge on monetary worries 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 ...
  5 days ago

• VIDEO: Finance Latest News: Young Americans Are Ditching Credit Cards

  
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  Young Americans Are Ditching Credit Cards. Bernanke Confounds, Wall Street Reaches for Theories. Smithfield profit plunges on drop in exports 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 ...
  5 days ago

• VIDEO: Federal Reserve Latest News: Bernanke Confounds, Wall Street Reaches for Theories

  
  — Authority:
  Bernanke Confounds, Wall Street Reaches for Theories. This time, bond investors think a Fed pullback is real. Bernanke to deliver semi-annual testimony to Congress July 17-18 Thanks for checking us out. Please take a look at the rest of our videos and articles. To stay in the loop, bookmark our ...
  5 days ago

• How US Dollar Collapsed: Inside Job

  
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    Inside Job is a documentary that encompasses everything we would need to know about what exactly happened in the Financial Crisis, which we are still facing today. This film which is directed by Charles H. Ferguson describes the corruption and greed by many of the most famous Financial companies we know of. There ...
  5 days ago

• Young adults worst hit by recession

  
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  Filed under: Career GAETAN BALLY/Keystone Switzerland/Press Association Images Young adults have seen their income slashed most by the recession while pensioners continue to receive more and more, researchers have revealed. The Institute for Fiscal Studies said that among people in their 20s median income ...
  5 days ago

• Greek bank avoids nationalisation

  
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  Filed under: News AP Photo/Thanassis Stavrakis Greeces largest bank, the National Bank of Greece, said it has succeeded in raising enough capital to avoid being nationalised, becoming the second Greek bank to meet that target. The debt-stifled countrys banks are being bailed out by a 50 billion euro (£42.5 ...
  5 days ago

• Financial crisis 2.0

  
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  Atrios linked a bit by Charles Pierce which linked Mary Williams Walsh in the NYT, with an uncharacteristically easy to understand article (based on a report by Benjamin Lawsky of NY Dept of Financial Services) on how the insurance companies are cooking their books. Let’s suppose that you took the $100,000 ...
  5 days ago

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