Talk:2007–2008 financial crisis

World map of GDP growth rates

I posted this on the talk page for the image but I'll post it here too. The map of world GDP growth rates shows Botswana's economy collapsing with Zimbabwe's economy slightly rising. I'm no economist but I do read the news; isn't Botswana the one with the relatively thriving economy while Zimbabwe is the one with the collapsing economy?

Right now Botswana is the country in southern Africa that is dark brown (i.e. decreased 8-10%) while Zimbabwe, to its immediate northeast, is green.

Zimbabwe gave up on its currency and adopted the greenback. That might have something to do with it, especially considering that "improvement" would be relative to previously rock-bottom (and digging). - Tenebris

Trimming External Links

I have trimmed the external links section per WP:EL. Please add links with care, making sure that they are allowed by a specific category detailed at WP:ELYES. For convenience of use as sources, I'm listing the links trimmed below. Note that some of these links don't qualify as reliable sources.

• Fengbo Zhang: 1. Perspective on the United States Sub-prime Mortgage Crisis, 2. Accurately Forecasting Trends of the Financial Crisis, 3. Stop Arguing about Socialism versus Capitalism
• Stewart, James B. "Eight Days: the battle to save the American financial system", The New Yorker magazine, September 21, 2009.
• Testing the Efficiency of the Commercial Real Estate Market: Evidence from the 2007-2009 Financial Crisis - Paper by Otto Van Hemert, NYU Stern & AQR Capital Management
• Credit Crisis Indicators (Updated daily) - Five ways to measure recent market disruption, from the New York Times
• The Great Commercial Paper Meltdown of 2007
• Atwood, Margaret, Payback: Debt and the Shadow Side of Wealth. Toronto: House of Anansi. 2008
• Cohan, William D., House of Cards. Tale of Hubris and Wretched Excess on Wall Street. New York: Doubleday. ISBN 978-0-385-52826-9
• Ferguson, Niall, The Ascent of Money: A Financial History of the World. London: Allen Lane. 2008. ISBN 978-1-84614-106-5
• Gjerstad, Steven (April 6, 2009). "From Bubble to Depression? Why the Housing Bubble Crashed the Financial System but the Dot-com Bubble Did Not". Wall Street Journal. p. A15. {{cite news}}: Cite has empty unknown parameter: |month= (help); Unknown parameter |coauthors= ignored (|author= suggested) (help)
• Haigh, Gideon, ‘Stupid Money’, Griffith Review 25, Queensland: Griffith University, Spring 2009, pp. 13–46. ISBN 1448-2924
• John C. Hull, The Credit Crunch of 2007: What Went Wrong? Why? What Lessons Can Be Learned?, Rothman School Research Paper: "Microsoft Word - JCRpaper.doc" (PDF). Retrieved November 11, 2009.
• Impact of the Financial Crisis Towers Perrin Thought Leadership
• Davis Polk Financial Crisis Manual
• Tracking the Global Recession accurate and useful information from Federal Reserve Bank of St. Louis
• Sjostrom, Jr., William K. "The AIG Bailout". (2009)
• Tett, Gillian, Fool’s Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe. London: Little, Brown (ISBN 978-1-4087-0164-5) / New York: Simon and Schuster, 2009.
• Woods, Thomas (2009). Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse. Washington, DC: Regnery. ISBN 1596985879.
• Ruppel, Conrad: Global Financial Crisis: Corporate Governance and Regulation"Dimensions of the Global Financial Crisis [Cuvillier Verlag]". Cuvillier-verlag.de. Retrieved May 1, 2010., Cuvilier Verlag, Göttingen 2010, ISBN 978-3-86955-256-9.
• Erollover on housing bubble
• Text and summary of the Emergency Economic Stabilization Act of 2008
• Nocera, Joe (October 1, 2008). "36 Hours of Alarm and Action as Crisis Spiraled". New York Times. Retrieved October 2, 2008. {{cite news}}: Unknown parameter |coauthors= ignored (|author= suggested) (help) (Background on development of the Treasury proposal to Congress)
• "The Day the S.E.C. Changed the Game" Report by Stephen Labaton Produced by Amy O'Leary in The New York Times: September 28, 2008 -->
• A view from inside the financial world. Deeper analysis and part of the solution ? Eddy Vanderlinden
• Financial Crisis -Theological Responses and Resources
• 2008-2009 Global Financial Crisis (useful links)
• Number of failed banks in USA from 2000 to 2009
• What Gave Rise to the Global Financial Crisis?
• IPS News - Financial Crisis special report
• Williams, Mark T. (March 2010). "Uncontrolled Risk: The Lessons of Lehman Brothers and How Systemic Risk Can Still Bring Down the World Financial System". Mcgraw-Hill.

Regulatory proposals and long-term responses Out of Date

The Section Late-2000s_financial_crisis#Regulatory_proposals_and_long-term_responses is out of date. It makes references to the reconciliation of the Dodd-Frank Act in 2010 as current. — Preceding unsigned comment added by 98.167.181.84 (talk) 17:37, 23 October 2011 (UTC)

Resource Scientific American, Wall Street, Global financial system

A Formula for Economic Calamity; Despite the lessons of the 2008 collapse, Wall Street is betting our future on flimsy science by David H. Freedman SciAm October 26, 2011 97.87.29.188 (talk) 22:07, 1 November 2011 (UTC)

Excerpts ...

The market crash of 2008 that plunged the world into the economic recession from which it is still reeling had many causes. One of them was mathematics.

The financial world is not alone, of course, in depending on mathematical models that aren’t always reliable for decision-making guid­ance. Scientists struggle with models in many fields ... in which the phenomena they describe are very complex, or information is hard to come by, or, as is the case with financial models, both. But in no area of human activity is so much faith placed in such flimsy science as finance.

99.181.138.228 (talk) 04:47, 2 November 2011 (UTC)

This may be useful in other wp locations too. 97.87.29.188 (talk) 00:23, 3 November 2011 (UTC)

Financial modeling? 99.109.125.146 (talk) 00:00, 4 November 2011 (UTC)

Should the title ['name'] remain "Financial crisis of 2007–2010"?

Now, the title of this article (even though it is just a re-direct to Late-2000s financial crisis), is "Financial crisis of 2007–2010". Is that the way it should be? Did the event (or, era) (or whatever it was) stop or "end" itself, during 2010? Or is it still going? Should the name perhaps be changed to "Financial crisis of 2007–the present"? ...and then later changed to "Financial crisis of 2007–20xx" once this thing (whatever it is) ends?

I don't know the answers. I am just asking some questions. Thank you! --Mike Schwartz (talk) 21:35, 6 December 2011 (UTC)

social effects?

Very little mention of the impact this financial crisis had on the lives of the working class? Businesses, corporations, GNP, market shares, etc were not the only things affected. I think the writers of this article are missing a key subject - THE PEOPLE!. — Preceding unsigned comment added by 24.81.5.140 (talk) 03:25, 11 December 2011 (UTC)

China potential WSJ resource

Stage Set for China to Launch Stimulus 10.December.2011 by Bob Davis and Aaron Back, excerpt ...

With growth slowing and inflation becoming less of a problem, China's Communist Party leadership indicated it was ready to stimulate the economy further, underlining a challenge facing not just Beijing but other emerging markets as well. China's Politburo, the party's top decision-making body, said China would "fine-tune policies in light of changes in economic development," according to the state-run Xinhua News agency. The Politburo statement said China would also maintain its current "prudent" monetary policy and an "active" fiscal policy, without elaborating on those terms.

99.181.141.143 (talk) 01:22, 12 December 2011 (UTC)

"Late-2000s" is not a good name for this article

The title for this article is undoubtedly wrong. "Late-2000s" is completely imprecise.

Firstly, what period does this refer to - it could be 2900 to 3000 for example. Secondly, let's suppose it means the latter part of the first decade, like 2005 to 2010 - then it excludes the current year, when the crisis is very much still ongoing.

I think Mike Schwartz comments above about the previous title for this article are completely correct - this article should be called "Financial Crisis of 2007-Present".

(Paulbotha23 (talk) 09:46, 13 December 2011 (UTC))

Absolutely. The current title is ambiguous, as it could be (and I did initially) read as referring to the late part of the millennium, rather than the decade. Ironically, you could just as easily call this the "Early-2000s financial crisis" for the same reason. There must be a less ambiguous name.

—SterlingNorth (talk) 10:23, 14 January 2012 (UTC)

I'm surprised the name isn't "Global Financial Crisis," as that, or GFC, are the most common terms I've heard it referred to, yet neither of these terms are even mentioned on the page (outside the refs). Google gives 12 million hits for "global financial crisis" (with quotes) compared to the term used at the top of the article, "great recession," which nets 4 million. DrHacky (talk) 06:05, 15 January 2012 (UTC)

Ability to find in a search is extremely important, so if someone knows how to change the title then go ahead. I forgot how or I would do it. It is very simple to do.Phmoreno (talk) 13:17, 15 January 2012 (UTC)

I would also call it Global Financial Crisis. We never had a global financial crisis before, and the current crisis is often refereed to as such. If anyone has a doubt, do a disambiguate page, but I vote to call this GFC as many above. --Wikijasmin (talk) 19:43, 17 January 2012 (UTC)

Edit request

I believe this is out of date. "The U.S. Senate passed a regulatory reform bill in May 2010, following the House which passed a bill in December 2009. These bills must now be reconciled. " 72.187.98.128 (talk) 10:16, 1 February 2012 (UTC)