People have been trying to figure out what led to the recent financial collapse and have come up with a variety of reasons:‚ some say it is due to Americans taking too much risk, or deregulation, or Wall Street’s greed, or the Bush Administration and so on.‚ Most of these people are wrong.
What caused the financial collapse was a combination of a lack of shareholders power due to corrupt boards of directors, partial deregulation, reregulation, “moral hazard” and lazy people.‚ … read more “What Caused The Financial Collapse?”