August 2007 marked the beginning of worst financial crisis since the great depression. A decade later, WSJ’s finance and banking editors break down the events that led to the 2008 financial crisis. Photo: Associated Press
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The 2008 Financial Crisis: Explaining the Start
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The 2008 Financial Crisis: Explaining the Start
financial crisis 2008
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Here before this ends up in everyone's reccomended at the end of july
How does this compare with what’s going on today?
I would not describe BNP PARIBAS as an 'obscure' bank, makes it sound as if nobody was aware of it and excuses the obvious failing of both the regulators and the supposed financial investigative journalists working for organisations such as the Wall Street Journal and Bloomberg.
Make more videos about financial crisis.
I have been a bankagent from 1983 till 2000. There simply was a change in mentallity. Clients became more and more Numbers So to speak. At the end you had to Sell no matter what. As a manager I was suppose to lose my integrity, my moral point of view. Clients were and always Will be people who asked me for genuine advice. I quit and did lose a wellpayed position in life. But in 2007/2008 my God was I happy I made that decision in 2000…
With the current unraveling of the weak regulations instituted post 2008, the now greater concentration of top banks, the lack of criminal consequences during the Obama years, and the unbelievable sense that self-regulation works, I find this WSJ puff piece to be at the very least delusional.
How wrong that last guy is. It can and it might happen all over again, just like in 2007-2008 and even worse the next time. Banks aren't taking any less risks than before. That's a fallacy believed only by the self fulfilling prophets. The risks they are taking now are even greater than before. And how quickly people forget about the dangers and jump right back in front of a speeding train purely in the name of greed.