Is there another 'Financial Crises'

Gujjar · October 18th, 2011, 02:42 PM

Is there a new financial crisis ahead which world has to face? There are many news relating to riot in America and England.

OutofDate1980 · October 19th, 2011, 11:47 PM

Maybe just a continuation of the financial crisis. Riots, depends on what you call a riot, some are viewed as protests, civil disobedience, etc, others view them as riots, mobs, etc. A lot depends on the view point of the observer.

October 23rd, 2011, 05:26 PM

We have to get over the current crisis before there can be another.

ElasticNinja · October 26th, 2011, 09:45 AM

If you mean in the financial sector, yes there is another crisis. The crisis never ended for ordinary people

OutofDate1980 · May 19th, 2012, 02:00 PM

Quote:

Originally Posted by Dark Jedi

We have to get over the current crisis before there can be another.

The prostitutes, a.k.a, politicians love crisis.

How Wall Street Killed Financial Reform | Politics News | Rolling Stone

"That means all those thousands of hours of debate and fierce negotiation spent hammering out Dodd-Frank two years ago might now go up in smoke in a matter of a few quiet minutes. Of the big-ticket items that were actually passed two years ago, the derivatives reforms have been completely gutted by loopholes, the Volcker Rule has been delayed for two years, and the Consumer Financial Protection Bureau may be thrust under the budgetary control of Congress, which is determined to destroy it. And much of this is taking place with the assent of Democrats, for a very simple reason: because the name of the game isn't cleaning up Wall Street, it's cleaning out Wall Street – throwing a "yes" vote at a bank-approved bill to get them to pony up in an election year. "All this is aimed at the financial services industry," admits one senior Democratic congressional aide. "It's to let them know, 'Hey, you're OK, we're not going to destroy your business – and give us your money, because we're trying to raise it for an election."