Was the Financial Crisis a Chain Reaction?

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I think that everyone is partly to blame for the financial crisis but personally I think the government played the biggest role because they didn’t have strict enough rules. This would cause a chain reaction of problems. First, the bosses would let their bankers do anything and give them raises for doing more. This in turn would cause the bankers to give anyone a loan if not just to get a pay raise. Then, when the public sees random people getting loans despite not being able to pay it back, they would come in and think it is ok not to be able to paty back their loans. Therefore, I think the government was the origin of the financial crisis but everyone played a part in it.

Comments (1)

  • Olivia-Avatar.jpg Olivia @ the BNC
    12 Nov 2018

    This subject has come up before. Please make sure that in future, all posts are on a new topic, otherwise you should be adding comments on posts that already exist. Thanks!

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