What has caused the Global Recession?
By dobstar
@dobstar (56)
February 11, 2010 6:18pm CST
I've heard so many different stories about who and what has triggered the global recession now. Some experts are confident that the way that Banks in the US and in Europe have failed the way they were giving credits to a lot of people. Others say that the global recession has been caused on purpose by some very rich people who basically control the world's economy.
What do you think? What is your opinion about the global recession?
1 response
@laura_lmaxi (678)
• United States
12 Feb 10
Well I am not an expert in financing and I don't want to be call stupid for this comment, but what I have heard for friend that work in the banking and financial fields is that in US and Europe banks start giving credits to people that at the end couldn't afford it, also, I heard that the stock market was not regulated enough. But in my opinion I think those conspiracy theories are not well founded, human beings are always going to try to find conspiracy theories because we don't want to think that it is our own fault as a society, it is the fault of each person to lived above his/her means
