Articles Comments

Debt Relief – Insolvency – Bankruptcy Information » Bankruptcy Help » What are the events that led to the current state of the financial market?

What are the events that led to the current state of the financial market?

Over the last several months the world financial system has been in a state of great turmoil. Dozens of banks-including some of the leading financial institutions-have been forced to declare bankruptcy.

While the solutions to the current crisis are far from being certain, its underlying causes are becoming apparent.


  1. will financial insolvency increase the suicide rate with the current economic disaster? many people will lose everything they worked hard for all their lives and will become homeless, what would you do....

  2. World Financial System In A State Of Insolvency =================================== Please subscribe to our channel to receive exclusive details of our biggest & most important predictions yet....

  3. Bankruptcy is the solution for Financial Problems Most of the people think that bankruptcy is simply the process people go through to get rid of paying their...

  4. Mesa Bankruptcy Lawyer solves all financial issues Are you facing immense financial problems? Is it causing mental, emotional and physical distress? Then it is very essential for...

  5. pls explain Financial distress and bankruptcy ? i will like to know how and when an organisation is facing a financial distress and bankruptcy and possible solutions...

Written by

Filed under: Bankruptcy Help · Tags: , , , ,

2 Responses to "What are the events that led to the current state of the financial market?"

  1. marinesrock says:
    Here’s the answer. After you watch this watch part 2.

  2. CrustyCurmudgeon says:
    To summarize marinestock’s excellent answer:
    Esoteric securities such as derivatives (wagers on the direction and extent of market movement).
    Credit default swaps that insured against default on mortgage loans.

    All of these, along with the low quality of the sub-prime loans themselves, trace back to the rush to deregulation that began in the Regan administration (evidenced by the Savings and Loan crisis during that time). Deregulation became a Cannon of the Republican Party, and has been pursued by that party since that time.
    It would really hurt me if the Secretary of the Treasury began to buy Credit Default Swaps and Mortgage Related Derivatives as part of the $700Billion bailout legislation.

Leave a Reply

Connect with Facebook


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Not finding what you're looking for?
Do a custom search of our entire site:

Get Adobe Flash player