The banking crisis: cause and effect - for iPod/iPhone
The Open UniversityAutumn 2008 witnessed a global financial crisis with governments worldwide taking emergency action to prevent a collapse of the banking system. The aftermath of the worst financial crisis since the 1930s saw economic activity slump. In the UK, higher unemployment, falling house prices and a sharp increase in government debt proved to be the alarming legacy of the near implosion of the banking syst... more
| Publishes | Daily | Episodes | 18 | Founded | 16 years ago |
|---|---|---|---|---|---|
| Categories | BusinessEducation | ||||
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Banks were once the corner stone of modern British society, but by September 2005 banks stopped lending to each other overnight. What happened? What caused this credit crisis?
Transcript -- Banks were once the corner stone of modern British society, but by September 2005 banks stopped lending to each other overnight. What happened? What caused this credit crisis?
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