Is the money crisis over?

Do we know the financial crisis is over? No we don’t but it might be effecting people right now. It all started in 2008 it was not only the UK that was effected it was the whole globe which meant It was the global crisis just because of the Bank of England. They never set any scrict rules so that means the bankers gave out to much money to people that wouldn’t pay back. The bank made to many risks that they shouldn’t of made.when people burrow money from banks they have to pay extra.The most important thing is about banks are loaning and burrowing.

Comments (3)

  • Elaine-logo-250x250.jpg victorious_snow
    Elaine Primary School 30 Nov 2018

    I think financial crisis is not completely over because you never know what is going to happen.The banks have not yet fully changed or devoloped since the 2008's catastrophe.

    Banks are still setting out loans and giving greater amount of money away.They have no strict rules or any safer. devoloped systems.It wil actually be so hard for i

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  • Notley-Green-logo-250x250.jpg resilient_writer
    Notley Green Primary School B 01 Dec 2018

    Your right.But the government has set stricter rules since the financial crisis or maybe they’re not strict enough yet.I think the bankers have learned their lesson so now they know how to play safe.Money is not a toy to be messed with.They might have safer rules. But people do pay money back.

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  • Elaine-logo-250x250.jpg victorious_snow
    Elaine Primary School 01 Dec 2018

    I think financial crisis is not completely over because you never know what is going to happen. The banks have not yet fully changed or devolopedd since the 2008's catastophe.

    Banks are still setting out loans and giving greater amount of money away. They have no strict rule or any devoloped system for prodection from another financial crisis.It will actually be so hard for it to be over because can people live without loans? because it is one of the lifesaving actions that banks took.

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