Who was convicted because of the global financial crisis?

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In a word, "NO". No one has been held accountable for the 2008 financial crisis. One of the key reasons which is fundamental to understanding why there were no repercussions for what was clearly a gigantic fraud committed against the average citiz.

The US, ground zero for the financial crisis, has jailed just one banker for issues relating to the crisis. Former Credit Suisse trader kareem serageldin was sentenced to thirty months in prison for artificially inflating the price of subprime mortgages, a financial product at the very heart of Wall Street’s unravelling.

In the decade since the beginning of the credit crisis, US authorities have collected $150bn in fines and consumer relief from financial institutions. But it is another statistic that garners more attention: zero senior wall street executives have been prosecuted. The US authorities have said this is due to a lack of evidence, not a lack of effort, but that does not help quell populist outrage.

global financial crisis – 2007 to 2008 It was only a few years later that an even nastier crisis would hit the entire world’s financial markets. In many ways it has still has not ended, with the billions in losses and slowing global economy manifesting themselves in the current european sovereign debt crisis.

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Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment’s response to the troubles. So, all this starts with home mortgages, and the use of.

The global financial crisis 10 years on: six charts that tell the story It has been 10 years since the start of the global financial crisis. We show the impact then and during the decade that followed.

But it is precisely because of the open-mindedness in discussing and.. Before the crisis, there was a widely-held conviction that monetary.. By now the global financial crisis has gone through a number of different phases.

The tourism boom has helped offset the decline in the region’s traditional fishing industry, which is in crisis because of.

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