Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
2007; 2008; Cfpb; Crisis; Finance; Financial crisis; Fsoc; Penalty; Recession; Regulation; Securitites
Articles 1 - 1 of 1
Full-Text Articles in Social and Behavioral Sciences
Recession To Depression: A Critical Disambiguation Of The 2007/2008 Financial Crisis And A Model For New Age Securities Regulation, Christian Walters
Recession To Depression: A Critical Disambiguation Of The 2007/2008 Financial Crisis And A Model For New Age Securities Regulation, Christian Walters
HIM 1990-2015
During the late 2000s the United States economy was faced with the most traumatic event in United States financial history since the Great Depression. Large multibillion dollar corporations collapsed, families lost their life savings, and the United States economy stood on a precipice for total destruction. In the wake of the Financial Crisis, investment firms such as Merrill Lynch collapsed and their portfolios were sold to competitors for far lower than their estimated value (Sorkin). In 2008, the Financial Crisis impacted the working man the most. With foreclosures on the rise, an estimated 81.2% increase from the year before, average …