Causes of the 2008 Financial Crisis

The financial crisis The financial crisis occurred in 2008 and the world economy experienced the most dangerous crisis since the Great Depression of the 1930s. It started in 2007. American housing prices fell sharply, initially spreading rapidly to the financial sector in the US and then to other countries' financial markets. Victims of the United States are as follows. Two government authorized companies to facilitate the largest commercial banks, the entire investment banking industry, major savings loans, the largest insurance companies, and mortgage progress.

Abstractors Scholars have analyzed the cause of the financial crisis in 2008, and many have reached different conclusions about the central cause of the crisis. The purpose of this advanced paper is to analyze the cause of the crisis and empirically explain that deregulation is the main cause of the crisis. In this survey, using bank collapse data from 1965 to 2013 collected from the Federal Deposit Insurance Corporation, various regulatory banking laws and deregulated banking laws use long-term regression analysis to delete banks Analyze ways to influence numbers. Other variables are used to indicate other reasons mentioned by scholars. My hypothesis is that the deregulation law has a large positive impact on the number of bank deletions. Therefore, the law should be aimed at regulating banks to ensure the stability of the financial system.

The financial crisis of 2008: Why deregulation causes a crisis Catherine Bentley Lake Forest College, bentley km @ lakeforest.edu

On the website you quoted, you said "The Financial Crisis Investigation Committee, established by the US Congress in 2009, has investigated the cause of the financial crisis in 2008. The conclusion is that" the importance of subprime mortgage and crisis It is a conclusion that it is not a factor. " Ke writes that experience and research contradict each other. "CRA is a fundamental cause of the current mortgage problem or contributes in a substantial way:" At that time Janet Ellen, Chairman and Chief Executive Officer of the Federal Reserve Bank of San Francisco, Government economists and officials, including FDIC Chairman Sheila Bair, finance director John C. Dugan, and Fed Governor Randall Kroszner, have no major contribution to the subprime mortgage crisis. "

In 2009, the US government established the Financial Crisis Investigation Committee, a committee consisting of ten members to investigate the causes of the financial crisis from 2007 to 2008. The committee has the power to summon documents and witnesses (businessmen and women, scholars, government officials, etc.) to testify. The interview included Buffett 's investment in Moody' s, his view on the cause of the financial crisis, his views on monetary policy and regulation, and many other topics. The interview was held in 2010, but the committee reported the results of the 2011 survey, but the record was not announced until last week.