The Financial Crisis Of 2008

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The turmoil in the financial markets also known as the financial crisis of 2008 was considered the worst financial crisis since the Great Depression. Many areas of the United States suffered. The housing market plummeted and as a result of that, many evictions occurred, as well as foreclosures and unemployment. Leading up to the financial crash, most of the money that was made by investors was based on people speculating on investments like real estate, stocks, debt buying, and complex investment tools instead of actual tangible products that people purchased or needed. There are a number of dangers that arise when investors make large sums of money that are not tied to the actual value of a product and investors should not be able to make substantial profits off of the misfortune and poor choices of others. Those practices are very unethical and there should have been an increase in government intervention after the financial crash of 2008. The financial crash of 2008 was result of deregulation and male dominance in the financial services industry. When investors make large sums of money on investments that are not tied to the actual value of a tangible product a number of dangers can arise. During the financial crisis of 2008, investors were making money off of home owners who paid their mortgages. Because of leverage, the investors made more money than they should have because after multiple homes were foreclosed the home-owners that continued to pay their mortgage

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