Financial crisis How it started

#safe not stupid

The financial crisis started in 2008. It was started by a primarily caused by deregulation in the financial industry. That permitted banks to engage in fund trading with derivatives. Banks then demanded more mortgages to support the profitable sale of these derivative. That created the Financial Crisis that led in the Great Recession.

Primary school teacher Mrs peatson works in 6P ( at a school )and uses the bank to store her saving what she has been saving since she started teaching (1 years) she puts two pound in each day. Mrs peatson is saving up for a house for her two lovely children. She gets 10 pound a months she now has £120 pounds and the bank give her 10 pounds for every 50 pounds she saves. Her new house cost £14,000.

Idea 2 : safer lending magical ending

The reason that we choose idea 2 is because if banks asked people if they can pay it back then they can give the money to the people that can pay it back .

by maddison & megan