Could the financial crisis happen again?
You have all heard of the financial crisis that affected many people but could it happen again? Would the technology we have today stop it or is there as much possibility of it happening now as there was back then? Write what you think below.
Comments (7)
13 Nov 2018
I think it would take a lot for there to be another financial crisis but if we did it would even worse than the one before and we might not even recover.
13 Nov 2018
Do you think that financial awareness is important from a young age?
I think that it is. I think this because you can learn about profit, investing, ways of the bank and how to save / use your money
14 Nov 2018
If we are not aware of this crisis at a young age then if it does happen we will not understand enough to deal with it
14 Nov 2018
Well I suppose it could happen again because you never know someone could send an empty package. Write you think
14 Nov 2018
I believe that although it could happen again, it is unlikely to. The regulators, that monitor how banks work and bank employees act, have stricter rules in place. Also the banks are doing a lot to prevent anything like this happening again. They control the products they sell to customers and have invested lots of time and money into training their employees. The financial crisis was terrible for so many people and many lessons have been learnt. I think it's unlikely to happen again.
15 Nov 2018
Well if it did, it won’t effect all of England as I do know some company’s that weren’t effected last time. But it might now. Write your ideas.
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