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The Causes of the Financial Crisis

The Causes of the Financial Crisis

Released Tuesday, 11th January 2011
Good episode? Give it some love!
The Causes of the Financial Crisis

The Causes of the Financial Crisis

The Causes of the Financial Crisis

The Causes of the Financial Crisis

Tuesday, 11th January 2011
Good episode? Give it some love!
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The main cause behind the recent financial crisis was the accumulation of hidden risks in the system. This was compounded by the agency problem, which is when the manager (the agent) serves his own interest at the expense of the person he is supposed to represent.

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