2007 – 2013

Crisis years : what we have learned so far ?

Month: July 2015

Unfathomable crisis hit the global economy in August 2007, September 2008, April 2009, May 2010 and August 2011. The first phase- August 2007- started after BNP Paribas hastened ownership of the banking system by making it known that it was halting hedge funds that were detrimental in the US mortgage debt. It was then very evident that the tens of trillions of dollars bankers thought was in existence was not.