Home » Who was to blame for the financial crisis? – BBC News financial crisis 2008

Who was to blame for the financial crisis? – BBC News financial crisis 2008

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BBC Business editor Simon Jack explores who could have been to blame for the global financial crisis.

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30 comments

Doug Nuttall 27/09/2021 - 9:43 Chiều

If you look at who owns what in the world just lookup Blackrock and Vanguard. Why because they own 85% of everything. Yep everything, From metals to media to pharmaceuticals. When you consider that these 2 companies have such a large interest why do the monopolies commission not intervene? Then look at who owns these companies, you will be surprised. Look at Yahoo finance, twitter, IBM, pepsi, coke, BP, Exon, banks, visa, mastercard, the fed, cbs, nbc, hbo, cnn, apple, android and airplanes and many more. Owners are Bush, Royal Family, obama, rossini, Clintons, vanderbilt, rothchild and so on. So when social media blocks negative posts about vaccines you know why.

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Josh 27/09/2021 - 9:43 Chiều

Borrowers or investors it was NEITHER IT WAS LENDERS

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Sean Domhnall O Sullivan 27/09/2021 - 9:43 Chiều

What they want u to think is that we the sheeple did it or should be held responsible. I should know, I'm Irish.

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john ryan 27/09/2021 - 9:43 Chiều

Simon (un-named sources) Jack, enemy of every working class tax payer in Britain, a perfect fit for the Big Bullshit Crew

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black5f 27/09/2021 - 9:43 Chiều

The bailout was mostly in the form of shares … shares in bankrupt companies? They should have been short term business loans attracting an interest rate of 27% APR .. just like the banks would do to us? There should have been an agreed repayment term, like the banks would do to us. Failure to meet repayments should have meant seizure of assets and property … like the banks would do to us. Since the bail out UK banks have been fined £71 billion for criminal, yes criminal activities like knowingly laundering money from drugs and people trafficking, fixing interest and exchange rates etc etc. Nest time you talk to your criminal money lender … remember this.

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Xethan Zero 27/09/2021 - 9:43 Chiều

President Obama

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viktor 27/09/2021 - 9:43 Chiều

Alan Greenspan, Angelo Mozilo and Fannie Mae and Freddie Mac. You're welcome.

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yeBoii 27/09/2021 - 9:43 Chiều

You can blame the banks or investment firms, but how the government allowed this to happen and there response was arguably worse.

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Nick Elliott Outdoors 27/09/2021 - 9:43 Chiều

Imma say that the banks engaged in risky lending behaviour because they knew the government would bail them out. Solution? Get the government out of finance.

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Colm VD 27/09/2021 - 9:43 Chiều

so who goes to jail ??? Why aren't the snakes (who were responsible for causing the recession which made millions of people lose their basic livelihood) out on the street with a cardboard sign and selling pencils from a cup? Why didn't they get a criminal record which prevents them from EVER holding a banking or monetary job ever again? And politicians (who earn £7000 a month) say "we're ALL in this together"…….

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Michael King 27/09/2021 - 9:43 Chiều

Blame the clintons and devis patrick

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Glenn Zarmanov 27/09/2021 - 9:43 Chiều

who's the one to blame when your dollar's worth a quarter? bilderberg group and the new world order!!

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John Hylton 27/09/2021 - 9:43 Chiều

So, nobody was to blame? Nonsense. Knowingly selling junk mortgages on fraudulently labeled as AAA to pension funds was STEALING working people's pensions. Keeping interest rates too low, too long….then raising them too high too fast is obviously going to cause devastation…but a Fed expert didn't know that? Yeah, sure he didn't. This engineered depression made many people very wealthy by robbing many more…and nobody went to prison.

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AlmightyMan01 27/09/2021 - 9:43 Chiều

it was the medias fault for spreading paranoia to the financial markets ie the bbc done it

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Louis Friel 27/09/2021 - 9:43 Chiều

Who fault was it? A large proportion of the blame should have been placed on the Big 4 Accounting firms that throughout the whole shambolic debacle merrily signed of the accounts of the Banks as being Going Concerns, when they knew they were going to hit the skids.

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R3d Powel 27/09/2021 - 9:43 Chiều

Its. Bankers fault, for not cAlculate properly

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Dzikrina Saira 27/09/2021 - 9:43 Chiều

So BBC, what is the answer?? U just put on a clickbait title here….

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imicca 27/09/2021 - 9:43 Chiều

banks

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Abdulrahman Hussain 27/09/2021 - 9:43 Chiều

Conservatives and Republicans are to blame.

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David Gaskin 27/09/2021 - 9:43 Chiều

Why does no one talk about why the banks were giving sub prime mortgages in the first place?

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Nilan Morjaria-Patel 27/09/2021 - 9:43 Chiều

Didn't answer question, but 100's of years of financial history will tell you the same thing. Gradually global human needs and wants have been monetised. Tell the people their life is only fulfilled by possession of material goods, they will borrow and through usury the architects of the system become ridiculously powerful. Wiki historically the wealthiest families to get a small insight and you'll see they were all banking related. They became richer than the European royals.

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Fraser Halstead 27/09/2021 - 9:43 Chiều

Everyone was to blame. Apart from the general public

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Claping 27/09/2021 - 9:43 Chiều

Obama saved the economy

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Seven Ellen 27/09/2021 - 9:43 Chiều

What, no mention of Fred Goodwin and his ruthless treatment of people? We were all just numbers to him, us and his own staff. Numbers were all he cared about. It was money in vs money out. His entire career revolved around how much money he and his bankers could get from people, no matter the cost. Well, the cost was the economies.

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Love Thyself 27/09/2021 - 9:43 Chiều

BBC news, Who was to blame the 2008 financial crisis?

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Luis Gomez 27/09/2021 - 9:43 Chiều

That is why I build my house without loans. I saved the interest.

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poli friedman 27/09/2021 - 9:43 Chiều

They are so dishonest they even shrink scotland on their weather maps !

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Κωνσταντίνος Α. 27/09/2021 - 9:43 Chiều

LIES. You didn’t even answer

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Al Sam 27/09/2021 - 9:43 Chiều

The migrants…

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jeonlyxoxo 27/09/2021 - 9:43 Chiều

The immigrants. It’s always them. How dare them!

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