The money dropping mayhem

FeaturedImage_FinancialCrisis_2.jpg

how would you feel if people took your money?

because 10years ago over 72,0000 people were borrowing money and coudn‘t pay back intrest.So because of this over 200 🏦 banks had to close.Then nobody got there money back.Money was flying out of banks and wasn’t payed back.If I was the banks boss I would of kept profit.Now it’s time for you to think very are carefully about my questions so you can answer them correctly and slowly.Ok . What will you have done? How would of you helped? How would you have felt

Comments (2)

  • St-Josephs-Northfleet-logo-250x250.jpg crafty_panda_bear
    St Joseph's Catholic Primary School, Northfleet 14 Nov 2018

    Why would you have kept the profit? I personally do not agree with you because I think it was the bankers fault for not knowing who they were lending too. Because of this banks had to shut down since no one wanted to keep their money in the bank. In 2008 a large number of banks failed, and the FDIC closed roughly around 465 banks but only 10 of them were closed for good.
    A few of my Idea's:
    1. The Government should have given the banks stricter rules on how to run the Banking Industry
    2. The Banker's bosses should not have been so firm with them to make profit (Because of this In my opinion it made the bankers lose focus and not pay attention to who they were loaning money to.)
    3. The General Public should have known themselves if they had enough money to pay back.
    All in all to conclude everything In my opinion it is everyone's fault because they should have known what they were doing and how to handle the situation if it got out of hand!
    I Understand were you came from and love seeing from your point of view some people may agree that it was everyone's fault but others may see it in a different way. This was A very thoughtful post and it made me see from another person's perspective and other people see the financial crisis.

    Reply to this comment
  • Olivia-Avatar.jpg Olivia @ the BNC 15 Nov 2018 in reply to crafty_panda_bear's comment

    Well done for showing excellent open-mindedness and reasoning here!

    Reply to this comment

You must be logged in to post a comment