Description

This interesting and easy-to-understand book investigates the recent U.S. financial crisis and economic recession in the stock market, mortgage industry, housing market, and banks. It examines the roles of federal financial agencies prior to the catastrophes and presents the regulations that were introduced to improve their efficiency. It explores the national and international impacts of the crisis and assesses the actions taken by the government to contain them.

Many bureaucrats did not understand how their policies affected economic developments in the United States and the world. Professionals in some financial institutions were unaware of the collaborative effects of maximizing corporate profits. Chukwuogor presents the causes of the recession, their local and global implications, and the governmental measures that were created to prevent future occurrences.

Excerpts • Author