Sentences with phrase «cause of the financial collapse»
Not exact matches
This caused a collapse of confidence, a disengagement from financial and business activity and a much more cautious attitude to spending.
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«As chief global economist of Bear Stearns for 15 years, David Malpass not only helped cause the financial collapse, he made millions and forced taxpayers to bail him out,» said Gillibrand campaign spokesman Glen Caplin.
UPDATE: A Gillibrand spokesman quipped: «David Malpass left one of the greatest disasters in recent memory on the cutting room floor: The financial collapse that he helped cause as Chief Global Economist for Bear Stearns.»
King noted Goldman was recently accused of fraud by the SEC in its trading of Collateralized Debt Obligations and related derivatives in the lead - up to the financial collapse, ading: «Were you involved with trading CDOs or the other derivatives credited with causing the financial meltdown either at Goldman Sachs or at any of your hedge fund jobs?»
Cuomo's HUD experience, whereby he more - or-less caused the 2008 financial collapse through his subprime mandate, seems to have garnered him many friends from Manhattan's one percent of the one percent.
In the week that banks were collapsing the man who wants to run our economy not only said: this is not a problem caused by the financial markets but went on to say and, I quote, «that it's a function of financial markets that people make loads of money out of the misery of others.»
Additionally, media coverage of Al Gore's documentary faded, and the 2008 financial collapse caused unemployment to increase and the GDP to decline.
The Big Short examines the 2008 economic collapse, and how it was spurred by predatory financial institutions taking advantage of people's hopes and dreams of succeeding in America, from the point of view of the banks that caused the catastrophe; The Florida Project shows us the swampy, brightly - colored, half - decayed Florida landscape briefly glimpsed in The Big Short, and centers on the very people who are struggling the most financially as a result of the greed of others and the desire to achieve the vaunted American Dream.
«Whoever caused this economic crisis, it wasn't our five - year - olds in schools now,» he said, adding that they had not even been born when Lehman Brothers collapsed at the start of the financial crisis in 2008.
As reported by CNNMoney.com the Obama Administration wants to reduce the underwriting guidelines that caused the mortgage market to bring the financial world to the brink of collapse.
We may never come to a consensus on what caused the financial collapse, but derivatives definitely share a large part of the blame.
In the late «90s, there was another perfect storm, an also rare coincidence of forces which caused huge waves in our financial markets, as the NASDAQ index soared, collapsed, and bounced part way back.
All of these things — and many more — can cause an otherwise stable financial situation to quickly collapse into chaos, forcing you to tap your credit (hard).
Drawing on everything from 18th - century rococo to 1970s punk, her recent work shows images of people surviving after civilizations collapse, though the nature of the cause is unclear, whether from climate change, social injustice or financial meltdown.
The worst that could happen if the US doesn't significantly reduce its greenhouse gas production rates is almost unimaginable environmental disaster that will cause not only financial collapse but also billions of deaths.
The unavoidable incentive of financial sanity will finally cause a full collapse of the solar industry, even in China, where even the coercion of Communism can not supersede the laws of economics.
«Built for a post-trust world, Bitreserve's real - time transparency system eliminates the opportunities for fraud and destructive risk - taking that have caused the collapse of banks and other financial institutions throughout history,» the startup's website reads.
In an interview with Channel News Asia, Sopnendu Mohanty — chief of financial technology at the Monetary Authority of Singapore, the country's central bank, opined bitcoin will not cause a global financial crisis in the event of a price collapse.
Moore, meanwhile, compares current market conditions to what happened in 1998, when the emerging popularity of technology stocks, combined with the fallout from the collapse of Russian and Asian financial markets, caused REIT stocks to be severely undervalued.
This is the same market that almost caused the collapse of the world's financial system two years ago and is still at historic lows.