It knows the banks and financial sector is to blame and that Gordon Brown, for all his many, many faults, was not singlehandedly responsible for
an international financial collapse.
Not exact matches
Credit default swaps figured prominently in the
financial crisis, notably in the near -
collapse of American
International Group, a giant insurer that sold protection to investors in home mortgages but couldn't pay out on the policies when the housing market crashed.
The
collapse of the banking system in Argentina came very close to triggering a
financial crisis in London, the major
international financial center.
The common commitments undertaken there to engage in fiscal expansion, strengthen
financial regulation, resist trade protection, and enhance the capacity of
international financial institutions to respond to problems in emerging markets were effective in halting the
collapse of the global economy.
A decade after having proclaimed the «end of history» and the arrival of a new world order of prosperity based on «democracy and the market», globalised
financial capital has subjected the majority of the planet's working populations to the burden of
international recession, which has spread out in leaps and bounds, from Asia: recession and deflation in the world's second economy, Japan; recession and even depression m various east Asian countries, since the first quarter of 1997; the
collapse of the Russian economy six years ago and
financial bankruptcy in July 1998; brutal recession in the leading economy of Latin America, Brazil; the beginning of the downturn in the economies of the OECD countries.
In Argentina it led to
financial collapse, and the Argentineans are no longer willing to be governed by the United States through the
International Monetary Fund.
The worst
financial crisis in a century, an
international banking
collapse and global recession: it is enough to make a publisher cry all the way to the bank.
American
International Group (AIG, $ 23.20) is infamous for the role it played in the
financial collapse of 2008, when it was rescued by the U.S. government, which is now its largest shareholder.
According to Wikipedia, Pan American World Airways, aka «Pan Am», «was the principal and largest
international air carrier in the United States from 1927 until its
financial collapse on December 4, 1991.»
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financial crisis and economic
collapses.
«Both
international and domestic demand for warehouse and distribution facilities are increasing, the former because of the recovery in
international trade that commenced quickly after the [
financial]
collapse of 2009,» says Victor Calanog, director of research with New York - based researcher Reis.