Financial Crisis The Great Depression Coursework

Financial Crisis The Great Depression - Coursework Example They perceived to have transferred the risks by practising dependency on unregulated investors through mechanisms like Special Purpose Vehicles and Special Investment Vehicles (SPVs & SIVs). The current economic crisis thus occurred as the result of exposure to Market Risks due to such risk transfer mechanisms that caused many loopholes in the Credit & Liquidity Risk Management. The entire disaster happened in the lending to Sub-Prime customers in home mortgage markets, which are individuals or companies not having clean credit history or regular source of income. The banks lend loans to Sub-Prime customers to avail the benefits of higher interest rates and used the mechanism of "Securitization" to secure themselves that essentially is the mechanism of distributing the risk of the lending to the investors outside the Banking system through a process called "Conduiting". The process of "Securitization" gave confidence to banks in this risky business and hence resulted in the boom of C redit Derivative Market. The money was believed to be flowing through these "conduits" directly from "investors to the borrowers" through the SPV and SIV system. The risk assessors never imagined that the underlying collaterals (houses) will face a crash in prices to a global level that would be uncontrollable by even the governments. Even the external rating agencies couldn't predict the Sub-Prime crisis because the Securitization Process was extremely complex and the dependency of valuations was upon scattered and unreliable data inside as well as outside the core banking system. This system expanded uncontrollably and the market competitiveness increasing exponentially resulting in banks sanctioning loans bypassing essential procedures as if there was "no time for risk management". The actual risks got covered under hyped data and fair valuation became a matter of joke to be cracked. [Schmitz, Michael. C and Forray, Susan J. pp28-30; Clerc, Laurent. 2008. pp1-7] Objective of the Research The following are the main objectives of my research: 1. Find out what the cause/s of the current financial crisis is/are; 2. Find out what effect the crisis is having on the United Kingdom, for example in terms of monetary power, and; 3. How individuals and businesses are affected; 4. Conclude what is being done, and what can be done about our current

V for Vendetta Essay Example | Topics and Well Written Essays - 2500 words

V for Vendetta - Essay Example However, Creedy kills Sutler and attempts to kill V through shooting him multiple times. Creedy does this to seize power and control though he is killed by V on the encounter. Through Evey, the girl V saves whom happens to helped him in the process, the Parliament and Big Ben are devastated through sending a train full of explosives. Even though V is killed in the event of struggling against the oppressive totalitarian government, he is efficacious in making the citizens of Britain realize that they need to stand up for their own voices and hold their own freedom in their own country. Social awareness and collective power are generated in the process. Even though the mysterious vigilant behind the masked is killed, he is able to bring down the government who should be listening and serving the voices of its people instead of repressively controlling the people. Analysis: Even though the film V for Vendetta is just short, it is able to clearly illustrate what a government structure sh ould be is and what functions must it play. A government must listen to its people and not just put total control on them. A government must be a democratic one and not a totalitarian one. By totalitarianism, Conquest defines it as a political system in which the state holds full control and goes all out on its regulation of both the public and private aspects of life if at all possible (74). The movie is able to exemplify not just what a totalitarian system means but also capable of showing the fears of the people having a totalitarian government. The fascist government of that sort affects all the aspects of the lives of the British populace. The power of such totalitarian ruling state is undeniably strong enough to limit people in their rights to... Even though the film V for Vendetta is just short, it is able to clearly illustrate what a government structure should be is and what functions must it play. A government must listen to its people and not just put total control on them. A government must be a democratic one and not a totalitarian one. By totalitarianism, Conquest defines it as a political system in which the state holds full control and goes all out on its regulation of both the public and private aspects of life if at all possible. The movie is able to exemplify not just what a totalitarian system means but also capable of showing the fears of the people having a totalitarian government. The fascist government of that sort affects all the aspects of the lives of the British populace. The power of such totalitarian ruling state is undeniably strong enough to limit people in their rights to freedom of speech, freedom of being their own selves and identity, and even their rights to privacy. No public opinion can be exp ressed in this kind of government because of the fear to get terminated. The government even blinds the people of knowing the truth and strongly influences them over how to deal and perceive the socio – economic and political issues. The movie also exhibits how the media can function as a tool as of the government to influence, control and maintain power. As part of the totalitarian rule, the regime does all this kind of tactics to hold the political power. Also, even the widespread of terror is made by Sutler’s administration to maintain its control.