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341269 2008 年 09 月 24 日 00:39 Reading (loading. ..) Comments (0) Category: Personal Diary
Lehman Brothers (LEH-US; Lehman Brothers) collapse, Merrill Lynch (MER-US; Merrill Lynch) is and, AIG (AIG-US) restructuring, and even Morgan Stanley (MS-US; Morgan Stanley) are seeking mergers and acquisitions, the financial crisis appears to be no end of the day.
the world are asking: how the U.S. economy is what?
This is the economy since the Great Depression in 1929, the largest U.S. financial crisis hit. In recent days the federal government has introduced a series of direct intervention in the market rescue measures,
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to rescue Wall Street, the U.S. government asked Congress for up to 700 billion U.S. dollars in aid payments for the reception of bad loans and bad assets, whereas before, the U.S. has spent 200 billion U.S. dollars to take over Fannie and Freddie, spent $ 85,000,000,000 rescue AIG, with 30 billion U.S. dollars to help JPMorgan Chase acquire Bear Stearns.
Overall, the U.S. government in the financial activities of a large redemption, at least 1 trillion dollars spent over the funds. The money, equivalent to the expenditure of the Iraq war spending a year plus the sum of the Pentagon, but also the equivalent of U.S. gross domestic product should be 7% and 10% debt.
Prior to the crisis, the U.S. Federal Reserve still has more than 8,000 billion dollars can now not only disappeared, but also to open up resources and to mobilize all the developed countries of Western central banks, to take concerted action to Enter the capital market; therefore,
red wing shoes sale, also the level of U.S. debt, up from 10 trillion to 11 trillion.
took over Fannie and Freddie, the government now charged with the 5 trillion dollars of mortgages, or nearly half of the outstanding mortgage, in addition to 80% of new loans. And since the Fed lending facility will be open, many banks will transfer risk to the U.S. central bank on.
But how did this financial crisis happen?
many Americans believe that the crisis in fact is due to U.S. regulatory agencies bankers, banks, hedge funds, insurance companies and other market participants due to failure of long-term supervision and management, but also the failure of the U.S. financial system. When the market speculators and government high-risk game, due to the lack of transparency and effective regulation of speculators, leading to the Government and the financial sector lose-lose situation.
Many people believe that the occurrence of this financial crisis is inevitable. The current political climate in the United States and the bipartisan battles that the political environment, political economy has been kidnapped in fact, strictly speaking,
red wing sale, the lifeblood of the U.S. economy is controlled by Wall Street, Wall Street interests Shuigan Dong, whoever official position there is no guarantee. Wall Street often in politics with the hounds, in pursuit of benefits.
for Fannie Mae and Freddie Mac as early as 2002, the Bush administration called for legislation to regulate Fannie and Freddie, but Congress battles between the two parties and establishing another large about the lobbying power of Congress, leading to nothing. Reinhardt,
red wing shoes online, former Federal Reserve economist, believes that President Bush has given the the Treasury, the Fed and the Federal Deposit Insurance Corporation greater regulatory authority, Congress should have held the relevant hearing. Therefore, the financial crisis, the White House, Congress and both parties are to blame.
\Long-term excessive borrowing and credit collapse, and ultimately led to the financial system can not bounce through self-healing mechanism.
former U.S. Securities and Exchange Commission Chairman William Donaldson, in his own is well-known investment banker on Wall Street,
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this financial tsunami, not only is the Bush administration over eight years, dating back to the Clinton administration should move forward, not Ben Bernanke (Ben Bernanke) incompetence, Greenspan also to blame. Mixed allow commercial banks, investment banks and entered the insurance business law,
red wing mens boots, is in office, Clinton signed in 1999, the crisis is the Bush administration inherited the legacy of Clinton during the lending culture and the legacy of the real estate bubble .
when the crisis did not occur, it adheres Libreville market economic theory as a standard of economists and conservative government, thought the market this \immediately as the tragic demise of like moths to a flame. . So when Paulson took office familiar with the ills of Wall Street started to rectify, it is already too late.
the root causes of the financial crisis in real estate. So that more people own their own homes great ideal, resulting in a credit market chaos. Subprime loan itself is a series of scams, builders, mortgage companies Zhigu money come in, regardless of whether the buyer can afford the investment banks will package mortgage bonds they simply sold to investors, whether value for money.
and certain derivative financial products on Wall Street leverage up to 3-40 times higher risk, there are still a large market, today laid the curse.
Wall Street was supposed to be a tool of corporate finance, has evolved into a second Las Vegas, a money game big ############. Everyone in the pursuit of high profits, but they ignore the basic financial needs of the industry. In a globalized world, everyone can not stay out of a financial tsunami, and future financial market conditions remain highly variable.
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