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”

 

• Cyprus FinMin says banks wont need govt help

  
  Washington Examiner — Authority: 683
  The Associated Press The Associated Press NICOSIA, Cyprus Cyprus Finance Ministry says its confident that the islands banks will be able to ...
  7 hours ago

• Europe under Fire by Fitch & Facebook All set too Fire

  
  SANDEEP YADAV Weblog — Authority: 104
  The dark clouds are hanging over Europe, and there are rumors that Greece may Exit Euro. Yesterday Fitch the rating agency dented and downgrades Spain and Italy each by two notches, Belgium by one. Ireland affirmed at BBB+. Luck of the Irish! it was like a bomb but it was already discounted by the market  and [...]
  9 hours ago

• Eurozone crisis live: Spanish unemployment tops 5m

  
  The Guardian - guardian.co.uk — Authority: 962
  • Almost one in four now out of work in eurozones fourth largest economy • Talks resume in Athens over crucial bond swap deal • Dallara and Papadamos meet tonight 1.01pm: Its lunchtime round-up time here. • Spanish unemployment reaches 5.3m, or 22.8%, raising the prospect that Spain could ask ...
  1 day ago

• Eurozone data raises fears of second credit crunch

  
  top99news - breaking news from the world top newspapers — Authority: 162
  http://www.guardian.co.uk Eurozone data raises fears of second credit crunch Analysts say ECB likely to cut interest rates after official data shows loans to eurozone firms fell sharply while the volume of cash grew at slower rateThe prospect of a second credit crunch in four years came closer on Friday ...
  1 day ago

• Eurozone data raises fears of second credit crunch

  
  The Guardian - guardian.co.uk — Authority: 962
  Analysts say ECB likely to cut interest rates after official data shows loans to eurozone firms fell sharply while the volume of cash grew at slower rate The prospect of a second credit crunch in four years came closer on Friday after official figures showed loans to firms in the eurozone fell sharply in December and ...
  1 day ago

• India’s economic slowdown a stain on 2011

  
  East Asia Forum — Authority: 557
  Author: M. Govinda Rao, NIPFP India’s economy was one of the earliest to stage a turnaround after the global financial crisis. The decisions taken in early 2008 to increase public-sector wages, forgive loans for farmers who had borrowed from the banks, and massively expand the rural-employment guarantee scheme ...
  1 day ago

• Poll: Germans against increasing euro rescue fund

  
  ExaminerPolitics.com — Authority: 139
  The Associated Press The Associated Press BERLIN Nearly three-quarters of Germans oppose putting more money into the eurozones rescue fund, ...
  1 day ago

• European leaders stress the positive at Davos

  
  ExaminerPolitics.com — Authority: 139
  The Associated Press The Associated Press DAVOS, Switzerland European financial chiefs are ...
  1 day ago

• UN refugee chief: economic crisis fueling conflict

  
  ExaminerPolitics.com — Authority: 139
  The Associated Press The Associated Press DAVOS, Switzerland The U.N.s refugee chief has warned leaders meeting in Switzerland this week that the ...
  1 day ago

• Drug money damages world economy by $2 trillion annually

  
  Thaindian News — Authority: 534
  Moscow, Jan 27 (IANS/RIA Novosti) Annual financial damage to the world economy from drug money equals $2 trillion, Russia’s Federal Drug Control Service head Viktor Ivanov said.“Narco-dollars form a market with a volume of over $500 billion annually, while negative consequences for the real economy exceed this ...
  1 day ago

• ITNR #88 — Where Are the Leaders?

  
  A Rich Life — Authority: 107
  I’ve posted Entry #88 to my weekly I nvesting: The New Rules column at the Death by 1,000 Papercuts site. It’s called Where Are the Leaders? Juicy Excerpt:  We had a commission study the economic crisis. They couldn’t agree on a cause. The obvious cause was the irresponsible promotion of Buy-and-Hold ...
  2 days ago

• Debt crisis hardens Eurosceptics antipathy in Poland

  
  The Guardian - guardian.co.uk — Authority: 962
  Opposition leader Jarosław Kaczynski campaigned for EU membership, but has been outraged by calls for federalism In Poland, Euroscepticism is the preserve of the conservative Law and Justice party, and its leader Jarosław Kaczynski. Until last year, he could have been described as a mild sceptic, but the debt ...
  2 days ago

• The Great Depression

  
  Capitalists@Work — Authority: 111
  If you put five economists in a room and ask a question, youll get seven definitive answers. The IMF seems to have covered all its bases by suggesting ever more stimulus for America, a little stimulus for the UK and austerity for PIGS. Three economists on Newsnight debated the merits of Keynesian economics. The ...
  2 days ago

• Davos elite: Capitalism has widened income gap

  
  Washington Examiner — Authority: 683
  PAN PYLAS AP Business Writer DAVOS, Switzerland ...
  3 days ago

• ITNR #87 — Machiavelli Explains Why We Hate Progress

  
  A Rich Life — Authority: 107
  I’ve posted Entry #87 to my weekly Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called Machiavelli Explains Why We Hate Progress. Juicy Excerpt:  Nicollo Machiavelli, author of  The Prince , offered a piercing observation into the troubles that plague our economy today. He ...
  3 days ago

• Greek unions, employers to discuss wage cuts

  
  Washington Examiner - Opinion Section — Authority: 128
  The Associated Press The Associated Press ATHENS, Greece Greek labor and employer federations aim to start government-requested talks on private ...
  3 days ago

• Eurozone crisis live: Euro ministers reject Greek debt deal

  
  The Guardian - guardian.co.uk — Authority: 962
  • Finance ministers insist Greeces creditors must accept lower interest rates on new bonds • Juncker: Greek programme is off track • Todays agenda 11.29am: The financial markets continue to cope well with last nights rejection of the Greek creditors demands. The FTSE 100 is currently down 43 points at ...
  4 days ago

• Zombie banks are dragging Ireland into the ground | Nick Dearden

  
  top99news - breaking news from the world top newspapers — Authority: 162
  http://www.guardian.co.uk Zombie banks are dragging Ireland into the ground | Nick Dearden Just like many African nations, Ireland’s debts must be cancelled or a ‘financial bomb’ will go off in its most deprived communitiesActivists more accustomed to campaigning against the debts of countries like ...
  4 days ago

• Zombie banks are dragging Ireland into the ground | Nick Dearden

  
  The Guardian - guardian.co.uk — Authority: 962
  Just like many African nations, Irelands debts must be cancelled or a financial bomb will go off in its most deprived communities Activists more accustomed to campaigning against the debts of countries like Zimbabwe, Egypt, Ecuador and Indonesia were instead outside the Irish embassy this morning. Dressed as zombies ...
  4 days ago

• Global jobs market must absorb 400m new workers over next decade

  
  ThinktoSustain- the sustainable development blog — Authority: 119
  • International Labour Organisation issues Global Employment Trends 2012 report • Continuous crisis conditions have left 200m jobless • 900m workers worldwide living below the $2-a-day poverty line • Under-25s three times as likely as adults to be unemployed . . . → continue reading..: Global jobs market ...
  4 days ago

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