Publication Date
1-1-2009
Document Type
Dissertation/Thesis
First Advisor
Docking, Diane S.
Degree Name
B.S. (Bachelor of Science)
Legacy Department
Department of Finance
Abstract
The credit crisis that has consumed the U.S. for the past two years has offered many different lessons to many types of people, This paper discusses the start of the crisis, the lessons learned from it and behavioral changes that came about because of it, and the prevention of a subsequent crisis. The main three lessons learned discussed are: government intervention is a necessary evil, remembering the basics about lending, and what goes up, must come down, and vice versa. While there are many other issues that could be discussed, these three are key in the prevention of a subsequent crisis and are thoroughly examined.
Recommended Citation
Gantenbein, Holly, "Lessons Learned From the Credit Crisis" (2009). Honors Capstones. 735.
https://huskiecommons.lib.niu.edu/studentengagement-honorscapstones/735
Extent
9 pages
Language
eng
Publisher
Northern Illinois University
Rights Statement
In Copyright
Rights Statement 2
NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.
Media Type
Text
