U.S. financial crises, the general view that the crisis is mainly caused by lack of financial regulatory system, the greed of Wall Street speculators, drilling could take advantage of the system, fraud, deception of the public. An underlying cause of the crisis lies in the United States nearly three decades to accelerate the implementation of neo-liberal economic policy.
The so-called neo-liberalism, is ideal for a revival of traditional liberalism, in order to reduce government intervention in the economic and social thought of the main economic policy objectives. U.S. neo-liberal economic policies began in the early 1980s, the background of the stagflation crisis of the 1970s, including: reducing government intervention in the financial, labor market, the fight against trade unions, the implementation of the promotion of consumption, high... [continues]
Cite This Essay
(2012, 05). Causes of Subprime Crisis. StudyMode.com. Retrieved 05, 2012, from http://www.studymode.com/essays/Causes-Of-Subprime-Crisis-992027.html
"Causes of Subprime Crisis" StudyMode.com. 05 2012. 05 2012 <http://www.studymode.com/essays/Causes-Of-Subprime-Crisis-992027.html>.
"Causes of Subprime Crisis." StudyMode.com. 05, 2012. Accessed 05, 2012. http://www.studymode.com/essays/Causes-Of-Subprime-Crisis-992027.html.