current situation from financial and economic point of view of certain countries. "JPMorgan, backed by the New York Fed extended a sure line of credit that gave Bear Stearns at least 28 days to shore up its finances or find a buyer." (12) Bear Stearns was in immediate trouble and people were starting to believe they wouldn't. This extended amount of money was unhealthy because the investment banks could risk more of their money and still have enough capital to cover the bank, if needed. Economists try to analyze the reasons and mechanism of the crisis, predict possible ways of its development and evaluate the damage it will cause. This topic is relevant for the present days. However, the following year, the payment includes a higher interest rate, which is harder to pay, but still manageable. These are possible ways of solving the problem of financial crisis if at least one action from this list can be successfully done, all the countries will feel remarkable improvement.
So, after Lehman Brothers went bankrupt, the public started to get a little uneasy because they thought Lehman Brothers was a sound company. A bank run is when many depositors withdraw their money from a bank in a short period of time because the public does not have any confidence in the banking system as a whole. JPMorgan helped create AT T, GE and.S. All Answers ltd, 'The Financial Crisis Of 2008 Finance Essay' (m, August 2018) p?vref1 accessed Reference Copied to Clipboard. The github for thesis writing in dnb high interest on top of the principal made the mortgage payments so high that the number of foreclosures increased at a very rapid rate. Lehman Brothers Holding Inc. Global stratification has put these counties in the lowest division and has called them Third World countries or if to speak in financial terms low-income nations. Some of these banks included, Chase Manhattan Bank, Bank One, and The Bank of Manhattan. The following four companies were on the front pages of almost every newspaper during this time, Bear Stearns., Lehman Brothers Holding Inc., Washington Mutual, and JPMorgan. You can proofread your essay and the writer will proofread, do suggestions and add the most necessary information to your essay. Did you Know we can Write your Essay for You?