Financial Crisis Ruining the life of People in the US

We have to talk about the financial crisis in terms of what happens to people and what happens to other industries, It would be tragic to respond to a sub-prime crisis with sub-prime policies, When we ask the question that when the financial crisis will be finished then no nobody knows the answer another question rises which is very much important that have we learned nothing from the financial crisis of the past two years? Very little, it appears. Optimists say the markets are up and economic recovery is upon us. Bodies such as the Organization for Economic Co-operation and Development are revising up their forecasts for world growth this year and next and assuming we are out of the woods. The investment bankers are out there making money again, popping the champagne corks and telling themselves how clever they are – after all, they have managed to pass a good proportion of their huge losses on to us, the taxpayers, and are sitting at the roulette table again.

There is a danger that in spite of all the talk among the G20 finance ministers at their weekend summit about the need to do something about bankers’ bonuses and banks’ capital ratios, the drive to reform could fade as the economic crisis recedes. This financial crisis is ruining the life of U.S people so, government have to take some quick steps for this and everyone is looking worried that when this situation will be gone off! We have to change the current system and make it work for us. Our policymakers seem too tired to do much about it. But failure to do so will leave the clock ticking down towards the next crisis.

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