December 11th, 2009
Affected . Been . Crisis . Financial Questions . Have . Industries . Other
I thought the financial crisis originated with banks/mortgage lenders, so why is the entire economy now in trouble? It looks like now the retail sector and car industry is in trouble, for example. Why is this?
Thanks for your help.
November 30th, 2009
Crisis . Financial Questions . Main . Reasons . What
Ok I already know about the credit system, I just need a simple but thorough explanation. If ok can you please explain in a list of the top 10 reasons. I’m writing a speech and I want all my facts to be straight, so my basic question is:
What are the top 10 causes of the financial crisis in the current economy?
Thanks
November 19th, 2009
Accounting . Crisis . Financial Questions . Impact . Relevance . Reliability . What
Well, on one hand you are going to have accounants who are a little more paranoid of being sued than they have in the past, so they may not be willing to work with some clients that they had previously. The quality of audits may be a little better this year because of that, but there will also be accountants getting out of the audit business too. There’s also a concern mentioned at one of my recent continuing education classes that Congress is starting to meddle with accounting standards in terms of valuations when it comes to the bank bailout package, and it really isn’t their place to be doing so. It will be interesting to see how that plays out. You may also see a lot more “going concern” disclosures on financial statements in light of the current economic situation.
Other than that the standards and requiements for financial statements are unchanged.
November 16th, 2009
Compounded . Crisis . Factor . Financial Questions . Global . Result . That . What
I’m new here, thanks to those willing to help me first.
now i have the point that financial crisis is compounded due to the low interest rate, US government miss-allocate capital..
here, i would like to know more about other factors…
I think that UK will be damaged most by this financial crisis. UK has developed its economy with its financial credits for 20 years. It has abandoned manufacturing industry since 80’s. It would be very difficult to recover from this financial crisis.
With this recent wall street crash, people are panicking about a depression looming. My question is, what caused this, how can a few people/group/whoever (who are called “greedy” – why?) cause such a massive disruption to the world’s financial status? I really don’t get the whole stock market thing. If we didn’t have it all together, would we be better off?
Pretty much says it all in the question. Not necessarily this financial crisis, any one will do such as the Wall St. Crash or any other large scale crisis. Could even be a fantasy crisis.
Particularly interested in working class fiction, but by no means exclusively so.
October 13th, 2009
Businesses . Crisis . Does . Effect . Financial Questions . Global . Have . What
I know that the Global Financial Crisis on businesses means loss of profit, but that’s basically what I know.
I know there are more effects on businesses, so what are they?
Thank you very much for your contributions!
October 3rd, 2009
Called . Crisis . During . Financial Questions . Government . Intervenes . National . What . When
SEN. McCAIN: Because we are in a financial crisis of monumental proportions. The role of government is to intervene when a nation is in crisis.
Historically, the U.S. government policy toward business was summed up by the French term laissez-faire — “leave it alone.”
Liberals have been much more likely to favor government intervention that promotes a variety of non-economic objectives, while conservatives have been more likely to see it as an intrusion that makes businesses less competitive and less efficient.
A President that is reassuring, says the overall economy is fundamentally sound, tells people not to panic and that we’ll get through this together….or a President that claims it’s the worst crisis in several generations, we need more gov’t regulation, the greedy rich are the problem, and the entire financial system is broken? Which response shows better leadership and would help us get through the situation quicker? Which response is more likely to cause hysteria and hurt the financial markets even more?
