research proposal
Name: Lolwa AlZamil
ID: 42812
Assignment: Research proposal
Course: ENG 204
Date: 22/10/2013
Banking: An Atomic Bomb The unfortunate financial crisis in 2008 is considered by many economists the worst after the great depression in 1930. It resulted in the threat of total collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. Reasons that economists believe were behind the crisis are a lot, but they addressed the following as the most relevant; subprime lending, the housing bubble, easy credit conditions. These reasons are all directly related to the banking system. In my research, I want to prove how banking can be very fatal to economies and pinpoint ways to make it less threatening. Economy is a very crucial element of our lives; the wellbeing of it can cause a better life for many people if not all. Any given problem, will not be solved unless the reason was figured. Therefore, addressing what threatens our economy can help us prevent future collapse, which means a less risky life for us as individuals and a more stable economy for entire nations.
In this paper I will conduct a research on how banking influences the economy and prove it was the main reason for the financial crisis in 2008. banks use many functions in order to generate profit. The main functions include; corporate and investment banking, treasury and retail banking offering various products and services to suit the clients’ financial needs (Anwar, 2012). Thomas Jefferson once said that he believes that banks are more dangerous than standing armies. In his book boomerang, Michael Lewis, went on a tour around countries that were affected by the financial crisis. He mentions how Kylie Bass a hedge fund manager was able to identify the problem before the economy collapses; Bass saw that the debts accumulated in the banking system overweight governments funds.
ID: 42812
Assignment: Research proposal
Course: ENG 204
Date: 22/10/2013
Banking: An Atomic Bomb The unfortunate financial crisis in 2008 is considered by many economists the worst after the great depression in 1930. It resulted in the threat of total collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. Reasons that economists believe were behind the crisis are a lot, but they addressed the following as the most relevant; subprime lending, the housing bubble, easy credit conditions. These reasons are all directly related to the banking system. In my research, I want to prove how banking can be very fatal to economies and pinpoint ways to make it less threatening. Economy is a very crucial element of our lives; the wellbeing of it can cause a better life for many people if not all. Any given problem, will not be solved unless the reason was figured. Therefore, addressing what threatens our economy can help us prevent future collapse, which means a less risky life for us as individuals and a more stable economy for entire nations.
In this paper I will conduct a research on how banking influences the economy and prove it was the main reason for the financial crisis in 2008. banks use many functions in order to generate profit. The main functions include; corporate and investment banking, treasury and retail banking offering various products and services to suit the clients’ financial needs (Anwar, 2012). Thomas Jefferson once said that he believes that banks are more dangerous than standing armies. In his book boomerang, Michael Lewis, went on a tour around countries that were affected by the financial crisis. He mentions how Kylie Bass a hedge fund manager was able to identify the problem before the economy collapses; Bass saw that the debts accumulated in the banking system overweight governments funds.