 Governments
 Banks and Companies
 People
Government
 The Central Bank
 Currency
 Rescue plans
The Central Bank
Wikipedia
Currency
http://www.alrainews.net
 In 1971, the currency of the USA started to be related with
the economy of the country its self.
 A 100 Dollars cost 4 cents.
 The government of the United States sells as a $100.
 All currencies in whole world are related with Dollar
whether directly or not.
 For example, China has 2 trillion dollars in Chinese home,
which means China cannot communicate with world
without dollars.
Wikipedia
Inflation
 The USA lost $ 10 trillion of the currency value, which
affected all currencies were related directly with the
United States’ currency.
 Some currencies started to be not related with dollar.
Rescue plans
This company is one of the pillars of the U.S. economy
One of the rescue plans from the government of the United Stats was paying $ 85 billion to
support this company.
The US government supported City Bank by $ 300 billion.
The government of the United Stats supported banking sector by $ 700 billion.
After that, China, Europe, and some of the Asian countries did the same.
The GM company almost went bust or went bankrupt. After that, the United Stats
government supported GM by $30 billion, so United Stats government owns $45 billon of
the company.
http://www.washingtonpost.com
Mortgage
Mortgage
 The government supported Freddie Mac and Fannie
Mae by $ 200 billon.
 The Gulf countries lost $10 billion because of the
mortgage.
The government of the United Stats paid $540 billion to support mutual funds.
The Gulf countries lost $1300 trillion in mutual funds.
In the middle of 2007, the oil price was $140 per one barrel.
In the end of 2008, the oil price was $36 per one barrel.
Banks and Companies
 After working 150 years, the Lehman Brothers Bank
went bankrupt.
 J P Morgan Chase Bank bought Bearn Stearns Bank.
 Bank of America bought Merrill Lynch Bank.
 Goldman Sachs Bank and Morgan Stanley Bank
changed their system from investment banks to
commercial banks.
http://www.pinoymoneytalk.com
People
People
 In the United Stats 2.6 million people lost their jogs.
 By comparison, the 2.6 million jobs lost in 2008
nationwide were equal to the number of jobs found in
states such as Wisconsin, Missouri or Maryland.
http://money.cnn.com
What made it worse?
 Almost all financial experts and economists did not
predict that would happen. They predicted that would
be recession.
http://www.alayam.com/articles