Archive for the ‘Financial Crisis’ Category
10 Tips for Students Considering Purchasing a Loan
If you are in the process of graduation or have just taken a break from school, these tips are designed to help you stay current with your student loans. These can help you keep costs and pay additional interest rates, protect your credit rating and preserve your eligibility for more financial aid:
1. Know your loan: It is important to know who is the lender of each loan, what is the balance of the loan, and payment status. Often these details determine the options for loan repayment, forgiveness, and discounts. If you have no knowledge, visit www.nslds.ed.gov. You need the key number (PIN) of your FAFSA. No problem if you do not remember the number of keys, you can always request a duplicate to the Department of Education. Read the rest of this entry »
How The Global Financial Crisis Came
The gestation of the current financial crisis is not new, it has forged over the years and has had several phases. Although at first it was a slow process, as the crisis reached its maturity, the process accelerated.
Although this crisis has its origin in the United States, interconnection of global financial markets and globalization have made an end extending to the whole world.
Quiet Decades
After the 1929 stock market crash and Great Depression were forged a number of provisions aimed at preventing future crises. as a result of these provisions, the U.S. had a period of forty years with no financial crisis.
For this purpose created the Glass-Steagall Act that prohibited banks deposit to participate in the activities of investment banks, thereby separating their activities.
At that time, therefore both types of entities coexisted, each with its own purpose. Read the rest of this entry »