Blog
Causes of the Crunch
8th October 2008
What links the following?
China The liquidity bubble Search for yield Sub-prime lending Leverage Originate and distribute Alan Greenspan The Democrats The Republicans Regulators Credit rating agencies Financial Services Authority Greedy bankers Consumers/housebuyers Margaret Thatcher Moral hazard Gordon Brown Mark-to-market accounting Basel 2 Estate agents
According to Sean Farrell and Sean O’Grady from the Independent, they have all contributed in one way or another to the credit crunch. Here is the link to what is an excellent background article for students.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.