Recent Financial Crisis

Outline

Introduction

In this part we talked about that the financial meltdown that has rocked the United States (US) and other major economies, anxiety has grown over the fate of the financial system of other nations, as the crisis persist.

Historical Backgroud

In this section we discussed all about the problems and also we highlight some problems as well.

Problem began with the collapse of the American Mortgage market when for several reasons, the value of properties went down drastically, leading to inability to refinance individual house mortgage because the banks were reluctant to lend. Banks that had a lot of ...