The Global financial crisis it was happened since a long time ago. The relationship of the global financial crisis has brought under of international attention. The result of the sub-prime mortgage crisis it was collapsed of large investment banks. There are have two major global investment banks collapsed, which are Bear Stearns and Lehman Brothers. AIG is the largest insurance company in the world’s there was facing bankruptcy, was bought out by taxpayers. The history federal regulators seized Washington Mutual occurred when the largest bank failure in the United State. The corruption is a primarily result from many people believe that the current economic crisis. The committed fraud by lying to analysts, it was done by corporate executives, such as Richard Fuld of Lehman Brothers and Martin Sullivan of AIG, deceitful investors by overrating securities it was done by officials at credit agencies, such as Moody’s and Standard and Poor’s, and the conspired to fault the loan document, it was done by mortgage lenders, such as those at Countrywide and Washington Mutual. There are have strongly recommend from FASB and IASB by financial stability and forum, and the US Treasury (2009) is to re-evaluate fair value accounting, accounting for loan losses, and hedge accounting, among other issues. Asia Pacific Consensus Forecasts, London, 13 July 2009. Asian Development Bank. Asian Development Outlook 2008 Update [ADB, ADOU, September 2008], September
2008. Available . ———. Asian Development Outlook 2009 Update [ADB, ADOU, September 2009], September 2008. Available at
. ———. Asian Economic Monitor, December 2008 [ADB, AEM, December 2008]. Available at . ———. Asian Economic Monitor, July 2009 [ADB, AEM, July 2009]. Available at . Downloaded 4 August 2009. ———. Key Indicators of Developing Asian and Pacific Countries, 2004. Available at . Downloaded 26 December 2008. ———. Report and Recommendation of the President to the Board of Directors, (Project: 43300)... [continues]
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