The Global Financial Crisis of 2007-8

The aftershocks of the Global Financial Crisis that begun in 2007 are still being felt today, as economies around the globe battle with the effects of the recession that followed it. Many causes of the crisis have been suggested but the behaviour of those in the banking industry – more than any other area – is seen to be a primary cause, and the mere mention of the word ‘banker’ conjures up an image of a greedy, reckless individual who profited massively (and still profits) from the misery of others.

(more…)