A lot of people were affected by the financial crisis that
has struck the country 5 years ago. One is left to wonder, after the years has
gone by, after everything that has happened, what is left of the companies that
where hit the most and have they regained their stature? Do they still feel the
effect of the crisis? What are the lessons that they have taught us and did we
learn from them/
2008
financial crisis impact still hurting states - The effects of the worst
economic downturn since the Great Depression are forcing changes on state
governments and the U.S. economy that could linger for decades. By one Federal
Reserve estimate, the country lost almost an entire year's worth of economic
activity – nearly $14 trillion – during the recession from 2007 to 2009.
Employment
Down, Profits Up: The Aftermath of the Financial Crisis in 1 Graph - Six
years after the recession started, five years after the crash, and four years
after the recovery began, the share of the country with a job has declined by
more than 7 percent. And yet ... corporate profits are crushing, again.
The
financial crisis: Lessons learned? - Five years after a global
financial meltdown shook Charlotte, big banks are on sounder footing. But not
all the damage has been repaired, and industry insiders say the financial
system remains vulnerable to threats that could produce another crisis.
The
rich got a lot richer since the financial crisis - Lately everyone from
policymakers to fast-food workers have urged Washington to raise the minimum
wage. It's a thorny topic that's spawned countless arguments both for and
against an increase, but a new study suggesting that mostly the richest
Americans are recovering from the Great Recession should make opponents rethink
a minimum wage hike.
Big
Banks Are Even Bigger Five Years After The Financial Crisis - The four
biggest banks in the U.S., JP Morgan, Bank of America, Citigroup, and Wells Fargo,
hold $7.8 trillion in assets altogether, up from $6.4 trillion when the crisis
hit in 2008, according to an analysis by the Huffington Post. That means their
combined assets today amount to 47 percent of gross domestic product (GDP), up
from 43 percent five years ago.
Post-Financial
Crisis: America’s Youth Is Not Hopeless - People born between the early
1980s and early 2000s are typically considered to belong to Generation Y. They
are often described as being job hoppers, self-entitled, and even narcissistic.
However, despite the perceived shortcomings of millennials, they have learned
more from the financial crisis than any other generation.
Are we better off 4
years after crisis?
Financial
Crises: The Other Side of the Story - What appears surprising about
contemporary times is the widespread economic confusion just a generation after
capitalism triumphed with the collapse of the Soviet socialist system. A recent
Pew poll reports that 49% of Americans 18-29 years old have a positive view of
socialism while only 46% have positive views of capitalism.
The
origins of the financial crisis: Crash course - THE collapse of Lehman
Brothers, a sprawling global bank, in September 2008 almost brought down the
world’s financial system. It took huge taxpayer-financed bail-outs to shore up
the industry.
How
have financial markets reacted to financial-sector reforms after the crisis?
- After the near-collapse of large parts of the financial system and unprecedented
support measures from the public sector and central banks, the leaders of the
G20 agreed on the need for a radical overhaul of the financial system.
The crisis has gone by but it can come back. Although its
occurrence can be hard to predict, making sure that you have a plan for every
situation will come handy when it does.
