Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Corporations
Finance Discussion Forum

 Is it wrong that i don't feel bad for the failing American auto industry when workers make 3X what I make? ?

Additional Details
I am not feeling bad for myself, because i am still in school, and don't expect to be making that kind of money. However, my mother is a NURSE who really helps ...


 Can someone pick my check up for me at Walmart?
I've been sick, I can barely talk (or else i'd call), and I can't really leave the house right now. The doctor said it's too cold. Well, i'm running out of food and I have a ...


 What is a WAWA?
I've heard that only a few times....


 What is one of the if not the safest careers when the country goes in to recession ?
i have been thinking when i come out of the army what to do as a career as there is not many careers that keep you on when the country goes into recession as there is very little or no money around ...


 Does mcdonalds have a marketing flaw?
We know they have been successful but not are failing somewhat; what's gone ...


 Parcel Force in the UK?
How can these morons get away with such appalling service? It really angers me that in effect Royal Mail / Parcel Farce have a monopoly on mail in the UK, and ultimately couldn't give a rat'...


 About wal-mart, do you really save money?
...


 Do you think it's ideal to pay for Christmas lunch at work, shouldn't the company foot the bill?
Throughout my work experience, I have never had to pay for Christmas lunch, the company always foots the bills and sometimes give a bonus to all staff. In my present place of work where I have been ...


 If I have about 500 dollars to play with for Stocks..Where are the best places to start?
...


 How do you express respect to your employees?
How do you express respect to your employees?...


 Who is bill gates?
...


 Why do PublishersClearing House have so many silly stickers to place ?
I just want to place an order without ...


 Who empties the BT telephone boxes. I have never seen one being emptied.?
...


 Is walmart fun to shop in?
...


 Difference between customer service and receptionist?
job posting and wondering what the difference is?...


 What is meant by money is evil?
...


 Why is it that Walmart is always being talked bad about?
Walmart always seems to be the "evil" company. I happen to think that it is a great company. I don't think that people realize how much it helps the surrounding communities. I was just ...


 Will walmart take a computer game back if it doesn't work on your computer?
Hi, I am wondering if wal mart will refund me if I bought a game (shadowrun) that is only compatible with windows vista. I do not have vista and just missed the fact that it is only playable on that ...


 As gas prices are rising, who is really making all the rising revenue?
As gasoline prices are rising, who is truely making all the revenue? I hear that its not the owner of the gas stations (Mom and Pop small shops, or franchise gas owner of a Cheveron, etc..), and I ...


 How much does it cost McDonald's to produce their hamburgers on average?
...



rajsevin
What are the top most important causes of current global recession?
                     
 




rocksaw
Rating
Corruption.


dallas s
Rating
Greedy, incompetent banks, financial institutions and bloody currency speculators.


william d
Greed.


Limahl
Over lending by banks, particularly sub prime markets in the US, Iceland, over lending and bad investments in many worldwide banks. If the papers are to be believed.


Empress
Greed.


spoof
Rating
Greed and debt, everyone was borrowing money to buy houses and the value of houses kept rising, it was so easy to buy a old house, spend 15K on it and resell with a 25k profit after 4months work, it was easy money, the banks kept lending money and making money as loans kept being repaid every month.

I realised this years ago when house prices went up every month more than i could save half my monthly wage at the time!

Also easy credit card debt, to buy consumer goods made in the far east!

The crunch came when other living costs went up such as oil and food, people were struggling to pay other bills such as petrol and gas, electric,food and the credit card debts.

The banks are now losing billions in writing off debts as house prices crash around them, they don't actually have any cash to lend to people or business.

You can't expect the working man on a wage to buy a house 7-8 times his annual salary, feed himself, and generally have a life if he is up to the eyeballs in debt. The rich got richer and greedier and are now losing it all in a panic!

The bubble has now burst for everyone, it's going to be a bumpy ride!


cantona
Rating
LACK OF TRUST LEADING TO LACK OF MONEY TO LEND.


sumit b
Rating
not because of bank or greed
its because of less saving and more expenditure


industrialconfusion
Rating
Greed-Panic-Overcorretion


Moral Kiosk
Rating
Democracy biting off more than it can chew

edit - my answer is the same as the others, but worded differently..so bollox


RSX_SiLeNCeR
The banks were lending too much and stop people borrowing money, and now that its harder to borrow money, when companies really need finance, they cannot get it, and they then have to liquidate to pay debts.

May I run by you a theory which is not plausible in any way, but funny to consider, It could be Englands fault for not joining the euro (which they shouldn't), the other EU member states and bodies may be asking for overseas funding to crash us down, now that the pound is almost equal to the euro, when you go abroad you would (hypothetically) have to change X number of pounds in to X number of euros (receiving the same value) so what's the point of exchange? There is not one, its a waste of time and we are deducted commission for the service, so they are forcing us to switch to Euro to show how convinient the euro is, thus tempting us with finance, yet we lose all control under the EU and EC.


kris
use of plastic...plastic..every where ... converting currency to plastic is the main cause..and its a cycle..we can't keep on growing for ever!!!


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.024
Copyright (c) 2011 Financial Crisis Sunday, May 27, 2012 - Terms of use - Privacy Policy