The economic and financial crisis from 2008 to 2009, also known as the global financial crisis, was considered to be the worst financial crisis since the Great Depression. The general situation at financial markets has been additionally complicated by introduction of new financial products and another mode of operations including globalizatiThe economic and financial crisis from 2008 to 2009, also known as the global financial crisis, was considered to be the worst financial crisis since the Great Depression. The general situation at financial markets has been additionally complicated by introduction of new financial products and another mode of operations including globalization. Explain how the Great Recession impacted you or a your family or friends. Describe what happened and the economic source of the problem or opportunity, mortgages, credit cards or cash for junkers or retirement savings. Next, examine the new regulations that came about because of the Great Recession and would have the new regulation helped your situation. Are we still in danger of economic and financial crisis today?
Instructions:
Conduct research from viable and credible sources such as and not limited to economic journals, periodicals, books, data base, and websites. This assignment should be submitted/uploaded via D2L on the date the assignment is due; no late assignment will be accepted.