Ten years ago (2008) the UK was thrown into chaos.Imagine that you have asked a friend for some money to buy the materials to make them a watch,they agree.You then tell one person that you are not sure you can make the watches. They tell this to everyone including your friend ,who asks for the money back.However you have already bought the materials so cannot do this so everyone gets worried.
This is what happened to the bank - they became greedy,borrowed money and sold things for more than they had bought them for.Because of this, the bank enentually went bust.Nobody could borrow money so many people lost their jobs and homes.This also happened in America.
Some people are worried that this will happen again soon.
What do you think ,please comment your opinions.