Cracks in the system: Investigating the black swan's stock market fallout and behind-the-scenes government actions
Keywords:
Financial Crisis, Financial Control, Black Swan, Great Unknown, Planned EconomyAbstract
The purpose of this investigation study is to analyse the economic crisis and the bankruptcy risks faced by major banks. Additionally, to examine the government's response and the measures taken to address these challenges. The study draws upon empirical sources such as the US Senate Finance Committee, economic surveys, and Federal Reserve Bank of America reports. The financial crisis has exposed the vulnerabilities in the financial system and the regulatory authorities’ inability to effectively control it. This report discusses covert negotiations made by federal government leaders such as Secretary of Finance Paulson, Chairman of the Federal Reserve Bernard, and President of the Federal Reserve of New York Timothy. These deals were made in response to a situation that arose during the administration of President Bush. Wall Street titans and White House Chief of staff Joseph Bolton received hidden bailouts. This document will also examine Wall Street's protection of giants and Main Street's hopelessness.
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Copyright (c) 2023 Adnan Ali Chaudhary, Ayesha Sharif, Nimra Riaz, Hamad Raza, Syed Muhammad Ahmad Hassan Gillani
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This work is licensed under a Creative Commons Attribution 4.0 International License.