Global Financial Crisis

The Global Financial Crisis began that began around 2007 and led to a recession in most parts of the world, has been in the media consistently and is still going strong in 2010.

It has led to many memes from subprime crisis, bonus culture, financial fraud, credit crunch, credit crisis to name a few.

Invariably when something goes wrong, the media and government reduce complex ideas into simple sound bites. The credit crisis which was caused by a mixture of  market forces, the mortgage market, government regulations and inducements and turning it into a simple idea that everyone can understand: T'was the banker that did it. Greedy bankers caused the credit crisis. Well, I think there was a bit more to it than that.

Stagflation: Economics 101 for Mervyn King
Global Credit Crunch / The Recession
Consequence of a meme: Greedy Bankers

External Links

Greedy Banker Links
<Greedy bankers and the Credit Crisis>
<YouGreedyBankers.com>
<Guttenberg Slams Greedy Bankers> 
<Tide turning on Greedy Bankers>

Government saves the day links
<How the G20 Succeeded. . .>
<Help needed for credit crunch>
<Bank of England unveils . . plan>
<Obama gets tough . . .>

Documentation of the crisis links
Wikipedia - Subprime Crisis
Wikipedia - Global Financial Crisis
Timeline of Crisis

Analysis of the Credit Crisis
Forbes article on Credit Crisis
How a secret rule caused the crisis