Financial crisis

?Financial institution failures are a item of sustenance and little can be done to kibosh them?: an paygrade of the recent proposals for reform of fiscal market regulation in the United States and Europe***Table of Contents1. Introductionp. 12. The current pecuniary crisis: pipeline and nurturep. 33. Proposals for reform of financial markets regulation: the United Statesp. 44. Proposals for reform of financial markets regulation: Europep. 55. The future of financial markets regulationp. 66. Conclusionsp. 7***1.IntroductionThe current stinting situation, with areawide markets plunging and an unprecedented credit crunch undermining the future world?s economic growth for several years, shows us with uncloudedness how fragile and instable the financial markets can be.

We have been astonished witnesses to the federal rescue of Fannie Mae and Freddie Mac following the sub-prime crisis, the bankruptcy of Lehman Brothers, the sales of admit Stearns and Merrill Lynch and the takeover of AIG by the U.S. Federal Reserve to keep off its bankruptcy.

Nowadays, under the pressure of the uncertainty and chaos characterizing the global financial markets, the statement ?financial institution failures are a fact of life and little can be done to stop them? seems true, more than ever.

We are watching, as Roger Altman correctly pointed out, modern story?s greatest restrictive failure.



The globalisation, for a long time, has been examine only with refere Roger Altman, ?Modern history?s greatest regulatory failure?, Financial Times, September 17, 2008.nce to the global come out string for goods and services.

The digital technology shortened the distances between countries and revolutionized the global supply chain, allowing people to engage in business with one some other across the globe, with each nation bringing its comparative vantage to the table of world commerce.

However, the globalization has not limited its bear upon to the supply chain: it has also seriously affected the development of the global...

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