Economics, Finance, Economic Policy

Thesis: The global financial crisis of 2008, which commenced from the burst of the housing bubble in the United States, was the worst recession since the Great Depression of the late 1920s. Seven years after this crisis arose, research has identified the main causes and culprits of the crisis (which will also be discussed in this paper): an increase homeownership push, low interest rates, easy lending and weak banking and rating agency regulation. To alleviate the pressure of the financial crisi...