Whose fault is it ? Is it the bosses, the goverment, the public or business owners? Who do you think it is? Whose to blame for this crisis?
Perhaps it’s the public, for they want to spend all of the money on the best cars or amazing holidays and after spending all that they can’t afford to pay back.
Or it may be the banks fault because they are letting all these people have all of that money. Maybe the bank should set a budget of £3000 per person.
Mabey it is the bosses because they are pursuading bankers to take more money off people so then they can have it for themselves
Or is it the governments fault for she isn ’t setting any boundaries and she isn’t looking at what she can improve.
who do you think started this horrible crisis? Give a reason on who you think started this and mabey how the could of stopped it.
I think it took 5 things (the government, the Bank of England, the bankers bosses, the individual bankers and the public) to cause the crisis. However, it is the government that is to blame because they started a sequence of events that led to the crisis. The first decision was made by the government who told the bank of England to give money to the bankers bosses. They then gave permission to their bankers to loan money to the public even if they couldn't afford to pay it back. Therefore in my opinion if the government had made a better decision then the financial crisis may not have been as bad, or could even have been avoided.
Comments (3)
Rockliffe Manor Primary School 13 Nov 2018
I would blame the boss because he is willing to give the bankers more money so they can take risk with there money wick creates a bank crisis
Streatham Wells Primary School 13 Nov 2018
I think it took 5 things (the government, the Bank of England, the bankers bosses, the individual bankers and the public) to cause the crisis. However, it is the government that is to blame because they started a sequence of events that led to the crisis. The first decision was made by the government who told the bank of England to give money to the bankers bosses. They then gave permission to their bankers to loan money to the public even if they couldn't afford to pay it back. Therefore in my opinion if the government had made a better decision then the financial crisis may not have been as bad, or could even have been avoided.
Bruche Primary School 15 Nov 2018
I think its the bankers because he/she are being selfish
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