Financial Crisis facts
While investigating facts about Financial Crisis 2008 and Financial Crisis 2020, I found out little known, but curios details like:
In 2011 the Detroit Symphony Orchestra was in a deep financial crisis. Kid Rock, in what he called "the best drunk move I ever made," decided to throw a benefit concert. He raised over one million dollars for the symphony and helped save classical music in Detroit.
how financial crisis happened in 2008?
The only employee of Goldman Sachs to go to jail in the aftermath of the financial crisis was an employee that Goldman Sachs specifically told authorities to arrest for stealing computer code the employee helped write. He was arrested 48 hours after they informed authorities without a warrant.
What financial crisis meaning?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what caused the 2008 financial crisis. Here are 50 of the best facts about Financial Crisis 2019 and Financial Crisis 2008 Causes And Effects I managed to collect.
what financial crisis happened in 2008?
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Every Icelanders will receive a payout of 215 euro for the sale of one of its three largest banks, Íslandsbanki. Iceland, being the only European nation to fully recover fully from the 2008 crisis, has recently jailed its 26th banker for causing the financial chaos.
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Warren Buffett tried to call the CEO of Bank of America to invest $5 billion after the 2008 financial crisis, only to reach Bank of America's call center where they refused to connect him
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During the Asian Financial Crisis many Koreans willingly gave up their precious jewelry, heirlooms and mementos in order to help their country pay off their debt to the IMF.
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Koreans donated billions of euros' worth of gold jewelry, personal heirlooms, and other valuables to help pay down the nation's IMF debt in the wake of the 1997 Asian financial crisis
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An Entrepreneur in Hong Kong (Tin Ka Ping)who had donated 80% of his wealth throughout his life to build over 200 schools and 1000 libraries in Hong Kong and Mainland China. During the 1997 financial crisis, he had even sold his mansion to continue funding his charity foundation.
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The UN advisor on Drugs and Crime believes money from drug cartels and organized crime saved major banks during the 2008 financial crisis
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The Bionicle line helped save Lego from its financial crisis of the late 1990s, becoming one of its biggest and most successful product lines.
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In 1998, South Korean citizens donated their private gold to help repay an IMF loan the country needed during the Asian Financial Crisis.
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Banks have not resolved their ethics issues since the 2008 financial crisis due to "deep-seated cultural failures at many large financial institutions"
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The BIONICLE toyline helped save LEGO from its financial crisis of the late 1990s, accounting for nearly all of LEGO's financial turnover from the previous decade and becoming one of its biggest and most successful product lines.
Financial Crisis data charts
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Why financial crisis occur?
You can easily fact check why financial crisis in india by examining the linked well-known sources.
During the financial crisis of 1720, known as the South Sea Bubble, the Houses of Parliament called for stockbrokers to be sewn into sacks filled with poisonous snakes and thrown into the River Thames. Now with a better link!
When Rome entered a financial crisis in AD 39, Caligula resorted to extreme measures to save the economy, including: seizing estates from Patricians, taxing weddings, and selling popular gladiators to the highest bidders.
The only bank in the US prosecuted in the wake of the 2008 financial crisis was Abacus Federal Savings Bank, a small bank in NYC's Chinatown - source
John Brown moved his family to Franklin Mills, Ohio, in 1836. He suffered massive financial losses again in 1839 during the economic crisis.
The main countries whose distribute the most dividends since 2009 in billion are the same and the 2008 financial crisis doesn't totally impacted the dividend distribution. - source
What to do when financial crisis?
In AD 33, the Roman Empire had a financial crisis similar to the Stock Market Crash.
How financial crisis occur?
The main reason Warren Buffet didn’t help broker a deal to save Lehman Brothers from collapse during the 2008 financial crisis is that he didn’t see a text sent to his flip phone, for 10 months.
The CEO of Citigroup admits that the chipping away & final deregulation of the Glass-Steagall act is in part responsible for the financial crisis
Antidepressants in the US are used by an estimated 16 million people with roughly 70% being female. In the UK, the number of users of antidepressants rose by 25 million between 1998 to 2012 with a 50% rise after the 2008 financial crisis.
In 2006, Frederic Mishkin, a Columbia University professor, co-wrote a paper called "Financial Stability in Iceland." The report maintained that Iceland had a strong economy. It was later learned, after Iceland experienced a major financial crisis, that Mishkin was paid $124k for his work.
During the Asian Financial Crisis in 1997, South Korean Citizens Voluntarily Gave Up Gold to Help Country Out of Bankruptcy
Financial crisis infographics
Beautiful visual representation of Financial Crisis numbers and stats to get perspecive of the whole story.
