Publication Date

1-1-2009

Document Type

Dissertation/Thesis

First Advisor

Docking, Diane S.

Degree Name

B.S. (Bachelor of Science)

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.

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

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