An analysis of the extent to which Wall Street was to blame for the Global Financial Crisis
The Global Financial Crisis began over four years ago and banks within the UK are still reluctant to lend money, according to Saunders (2010). This dissertation questions the extent to which the blame for the on-going crisis within UK banking can be seen to lie within the sub-prime mortgage crisis in America. In so doing, this dissertation addresses not only the sub-prime mortgager phenomenon but also the demand of investors for mortgage backed securities (MBSs) and the extent to which ‘greedy bankers’ are used as a scapegoat for the crisis.
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