期刊名称：International Journal of Advances in Engineering and Management
电子版ISSN：2395-5252
出版年度：2021
卷号：3
期号：10
页码：52-62
DOI：10.35629/5252-030917411747
语种：English
出版社：IJAEM JOURNAL
摘要：Once Famous American Economist and stock broker of all time, Peter Sciff quoted on the Financial Crisis of 2008 and said that "The United States resembles the Titanic, and I am here with the Life boat attempting to get People Leave the Ship , I see a genuine Financial Crisis coming for the United States.” But still the one man and the then IMF chief Economist Dr. Raghuram Rajan predicted the 2008 upcoming Financial crisis in the United States at the Jackson hall, and was mostly criticized by the then head of the Federal Reserve‟s Alan Greenspan who mostly avoided Rajan‟s remarks by saying that U.S Economy is plunging at a correct rate and will not go down in the next ten years . And that made him to be at the „TOP 25 PEOPLE TO BE BLAMED FOR THE FINANCIAL CRISIS ‟. The reality came to the dawn later on in sept 15 2008, one of the largest and the strongest stock exchange of the world (The New York stock exchange) of the United States of America fell down and it led to the one of the severe and devastating market loss of the centuries . The Global Economic Crisis of 2008 is plunged as a bright example of limitless Pursuit of greed at the expense of caution , prudence and Regulation, Several steps have been taken to prevent the Crisis at that time but nothing could save America from being attacked by the one of the serious crisis of all time. Those 3 words that devastated the lives of more than hundred billion people in the U.S and the rest of the world is „Sub Prime Mortgages‟. Now the question arises , How other countries would have been affected by this Crisis and to what Extent ? and who to be blamed for the largest crisis of these centuries ? , What is the cause behind these Crisis ? SO FINALLY.
