Questions tagged [financial-crisis]

A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics.

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How come no bank chiefs in the US & UK went to prison for the financial crash of 2008?

This story by Forbes points that the only bank chiefs in the financial crisis that engulfed the Western world in 2007/8 were from Iceland: This is where the worlds only bank chiefs imprisoned in ...
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What was the fate of the executives at the main Icelandic banks after the financial crisis?

A popular story (especially on the more left-leaning sites (e.g. "Iceland has jailed 26 bankers, why won't we?", "Iceland Has Jailed 29 Bankers. Why Can’t the UK and US Do the Same?", or "Iceland has ...
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What is the current impact of TARP (bank bailout) on US deficit?

As far as I am aware, at least some of the money that was given by US Government under TARP was paid back to the government. As such, how much of the ~$800 Billion was given back to the treasury and ...
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Why don't governments follow the “save in good times, spend in bad times” rule?

Economists seem to agree that it's best for the government to reduce expenses while the economy is in good shape and increase expenses when it's in trouble. However during the last recession most ...
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How far up the banks' hierarchy did the LIBOR rigging convictions (and prosecutions) go?

It's been reported that a number of bank personnel were convicted for LIBOR rigging, although quite a few more were acquitted. Barclay's CEO and chairman both resigned following the scandal, but ...