The Financial Crisis Inquiry Commission or FCIC, the ten member panel that has been given the task of identifying the main factors which caused the recent economic crisis is not likely to meet expectations. Panel members are believed to be struggling with several differences, leading to stagnation in the investigation process. [Read more…]
Britain Shows the Way on How to Deal with Banks
During the recession, many British banks got substantial support from the government, which even acquired a stake in some of them. The government also introduced economic stimulus measures and special liquidity schemes that helped banks. More than one trillion pounds were invested to keep the banks afloat. [Read more…]
