Who's Fault Is It?

FeaturedImage_FinancialCrisis_7.jpg

Introduction

This post will be about who's fault was it that the Financial Crisis caused. There is more than one group of people I think it could be blamed for...

The Government:

It might be the governments fault, because they didn't take their money and give it to hospitals. They were giving it to banks and people lost money. Possibly, if they were working at hospitals they earned less. The government didn't help much with what the Bank Bosses were supposed to do and the Bosses then couldn't give more proper instructions onwards.

The Bank Bosses:

It might be the Bank Bosses fault, because some of them gave Individual Bankers rewards if they earnt a lot of money. This influenced them to take risks. I think they didn't keep a close enough eye on their employees who were influenced to take risks just earn more money.

The Individual Bankers:

It might be the Individual Bankers fault, because they had taken risks. They could also have loaned to people who need money for things such as buying a home or food for their family. Or people who they could be sure had enough money to pay them back.

People Loaning Money:

It might be the people loaning the as some of them just wanted expensive things they didn't need such as the latest super expemsive video game or that cool phone that everyone has! They don't need to loan and waste money for things like that-especially in the midst of a Financial Crisis!

Conclusion-This is what I think and I'd love to hear all of your thoughts and comments. If you have anything to add or question.

Comments (1)

You must be logged in to post a comment