Financial crisis 2008

Do you know the financial crisis happened in 2008? Which the two largest bank was informed bankruptcy ? Do you know which two ? The Lehman brothers and bear sterns. Both of these company have gone bankrupt due to subprime mortgage crisis. Subprime mortgage crisis described as loan that given to the investor or public , unable to earn back . Later on , these public or investor that failed to pay the bank , it will transformed from loan to bonds and sell it to international. In that case, the economic has gone down so badly because most of the poor people unable to sustain the needs and wants for their daily life. The two main bank has turned up into total of 40k plus amount of people to jobless or unemployed. If there were professionals or experts in the company . It increases the competitors and most of the low education level employees will be fired easily. All of this situation occurred and appeared it is because of the greed of an individual or higher level position of the two major company . The ceo or board of directors wanted to gain more business . However. It is obviously shown that most of the public unable to pay the debt and ends up turns into bonds. They were not only unable to pay but also facing some difficulties in surviving in the future. That's why human shall not greed . Greed will never gives an advantage once but many disadvantages was obviously stated over there.