Economy;Insurance

Crisis broke out high-risk loans because many banks have ventured competent in real estate loans to hundreds of thousands of citizens with limited income, ignoring the rule of caution and risk assessment.

And adopted the banks of this approach in circumstances characterized by unprecedented growth of the real estate sector and a significant reduction of interest rates in place, which resulted in significant numbers of Americans to the conviction that the opportunity is very favorable for the purchase of housing.

With the sudden increase of interest rates in the banking markets of America, found a large number of Americans themselves are unable to repay their loans, and the number increased with the passage of months to create an atmosphere of panic in financial markets and among investors in the real estate sector.

The affected banks in the relevant high-risk loans more than other high interest rates, and their impact on the situation of borrowers with modest incomes.

As soon as the first disturbance, accelerated the confiscation of bank Sknat unable to repay the loans and sell them on the back of a sudden crisis and a sharp real estate sector as a result of a decline in prices by much.

To address the implications of serial financial crisis since the outbreak of the credit crunch, high-risk, I found the central banks in the United States, Europe and Asia are being forced to move, leaving her only the choice between changing interest rates and pumping money into banks affected.

The U.S. government has this procedure, but has chosen to go away in their quest to avoid the outbreak of the crisis, which decided the nationalization of three big banks.

Continuation of the crisis .. How long?
The predicted most South Korean companies to resolve the global financial crisis within two or three years, according to results of a survey conducted by the Chamber of Commerce and Industry in Korea and attended by 180 companies.

Considered 83.9% of the companies that were having their views that the solution to the global financial crisis may take between two and three years, with the view 11.7% of the companies that deal with the crisis will be in one year, and expected rate of 4.4% of the companies that the solution will be in five years.

The poll, reported Qatar News Agency that 88.9% of the companies participating in the survey have confirmed that the U.S. economy will suffer long-term recession like the one suffered by Japan in the nineties of the last century, and drew in this context to budgetary constraints and the reduction of new