Lately we have been talking about who is to blame for the financial crisis. In this post you will have to choose between four people that you would blame and why? The four people in this post will be the bankers bosses, the individual bankers, the public and finally the government. Comment down below on who you think is to blame.
The bankers bosses:
The bankers bosses have not been firm enough with their staff. They also have been giving away loans when they know that the person will not pay it back. Also, they were offering rewards to the bankers for earning the bank money.
The individual bankers:
The individual bankers did not pay attention and were just wanting big money rewards.
Personally, I don't think that the Public had anything to do with it. On the other hand, they did not pay back the loans.
The Government did not set strict rules for the Bank of England.Therfore, the bank of England did not set rules for the smaller banks. Which then played a big part in the financial Crisis.