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Essay text:
Even the mighty Japan was effected by
this problem. United stated of America was also effected by this problem. That was a time that the US stock market was going
down due to the fact that Many American cooporation invested in this some of Aisan countries.
Even today, the problem has not been fully recovered and who knows when.
Cause
The main problem of the turmoil is the lack of management. Each countries has all similar problem. As we found out in our
research, we noticed that banking holds the main role and the key player to the turmoil. Many privates and Government
banking loaned too many credit for a big and similar project at the same time without checking the creditor''''''''s solvency...
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