Obama spokesman Robert Gibbs suggested the real worry for New York should be a repeat of the nation's
most recent financial meltdown, which forced U.S. taxpayers to bail out numerous big banks and insurers.
The fact that the U.S. has demonstrated its willingness to bail out failing businesses provides an incentive for firms to engage in the exact same risky behavior that caused
the recent financial meltdown.
This finally came to the attention of the U.S. government in the wake of
the recent financial meltdown and recession.
With this approach, a growth investor that meets with an Advisor in January of 2000, at the peak of the technology bubble, will receive the same allocation to stocks as an investor who meets with his Advisor in March of 2009, at the bottom of
the recent financial meltdown.
The recent financial meltdown has impacted borrowing and lending all over the world.