Day: March 7, 2021

Vedic Management
Mahesh Prabhu

Unlearned Lessons from 2008 Global Financial Crisis

Phil Angelides was appointed as the Chairman of Financial Crisis Inquiry Commission (or FCIC) to investigate the 2008 financial meltdown in the United States. His report confirms that the meltdown had occurred primarily due to easy (or reckless?) lending of home loans to anyone including those without any viable repayment

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