Sentences with phrase «international financial meltdown»

The American Recovery and Reinvestment Act (ARRA), signed into law by US Democrats in response to the international financial meltdown of 2008, offered the biggest boost for renewables since President Carter first funded solar research in the»70s.

Goldman Sachs has earned a reputation for taking risks in trading complicated products as a main player in the subprime mortgage derivatives that created an international financial meltdown a decade ago.

Not exact matches

Meanwhile, flimsy parallels to America's housing meltdown spread through international markets via Twitter; the instant - messaging functions on Bloomberg data terminals; and the financial press, which appeared a tad too eager to cover a crisis.

[31] On October 11, 2008, the head of the International Monetary Fund (IMF) warned that the world financial system was teetering on the «brink of systemic meltdown».