Lessons Learned From the Credit Crisis
MetadataShow full item record
The credit crisis that has consumed the U.S. for the past two years has offered many different lessons to many types of people, This paper discusses the start of the crisis, the lessons learned from it and behavioral changes that came about because of it, and the prevention of a subsequent crisis. The main three lessons learned discussed are: government intervention is a necessary evil, remembering the basics about lending, and what goes up, must come down, and vice versa. While there are many other issues that could be discussed, these three are key in the prevention of a subsequent crisis and are thoroughly examined.