Q3. Consider the claim that it was a “bad” management and leadership of employees within the banking sector, which led to the financial crisis in 2008.

 

Ans: The financial crisis of 2008 or the global financial crisis id identified as a collapse of banking sector and eventually the “bad” management and leadership of employees within the banking sector. It is important to note here that the vision of the banking institution leadership to invest in real estate for its economic growth and relaxation of norms by the banking management to give high risk loans to individuals/organization, who are already into real estate business, has been the major cause of 2008 financial crisis. The money created by loans was again invested by banks in real estate. Ultimately, real estate prices rose sky-high along with the levels of personal debt but income stayed normal forcing people to stop loan repayment. Properties flooded the market bring the real estate value and market crashed with banks itself facing bankruptcy.

 

For more info on the above article, Pl do visit at https://www.findtutoronline.net

Also do visit our Blog page at  https://www.findtutoronline.net/blog

For MBA Classes, Online tutoring, one to one personal coaching, Online teachers, Private teachers, Home teachers,Skype Online Classes,MBA Teachers online,Quantitative Finance Teachers online

WhatsApp US : +91 8697669523

Email US :  findtutoronline.net@gmail.com

For tutor Enquiry,  tutor@findtutoronline.net

For Assignmenthelp,  assignmenthelp@findtutoronline.net

 

pl do visit our facebook page, Linked page, Twitter page for more info.


Leave a Reply