ipl-logo

What Led Up To The 2008 Financial Crisis Of 2008

290 Words2 Pages
The financial crisis of 2008 was one of the worst recessions seen within the last decade. It had many factors, some being corporate greed and corruption. The events that led up to this crisis, were nothing compared to what finally occured. It began toward the end of the 20th century, when wall street began getting rich and banks were receiving more money, after the presidency of Ronald Regan allowed banks to make risky investments. The risky business continued throughout Clinton’s term, as he aided in the expansion of banks. This was a terrible move, since the banks were allowed to make riskier moves, they gave hazardous loans, that a majority of the time were not paid back. There was a large sum of mortage fraud, but apparently that did
Open Document