INTERESTING FACTS WORLD

Incredible and fun facts to explore

Financial Crisis facts

While investigating facts about Financial Crisis 2008 and Financial Crisis 2020, I found out little known, but curios details like:

In 2011 the Detroit Symphony Orchestra was in a deep financial crisis. Kid Rock, in what he called "the best drunk move I ever made," decided to throw a benefit concert. He raised over one million dollars for the symphony and helped save classical music in Detroit.

how financial crisis happened in 2008?

The only employee of Goldman Sachs to go to jail in the aftermath of the financial crisis was an employee that Goldman Sachs specifically told authorities to arrest for stealing computer code the employee helped write. He was arrested 48 hours after they informed authorities without a warrant.

What financial crisis meaning?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what caused the 2008 financial crisis. Here are 50 of the best facts about Financial Crisis 2019 and Financial Crisis 2008 Causes And Effects I managed to collect.

what financial crisis happened in 2008?

  1. Every Icelanders will receive a payout of 215 euro for the sale of one of its three largest banks, Íslandsbanki. Iceland, being the only European nation to fully recover fully from the 2008 crisis, has recently jailed its 26th banker for causing the financial chaos.

  2. Warren Buffett tried to call the CEO of Bank of America to invest $5 billion after the 2008 financial crisis, only to reach Bank of America's call center where they refused to connect him

  3. During the Asian Financial Crisis many Koreans willingly gave up their precious jewelry, heirlooms and mementos in order to help their country pay off their debt to the IMF.

  4. Koreans donated billions of euros' worth of gold jewelry, personal heirlooms, and other valuables to help pay down the nation's IMF debt in the wake of the 1997 Asian financial crisis

  5. An Entrepreneur in Hong Kong (Tin Ka Ping)who had donated 80% of his wealth throughout his life to build over 200 schools and 1000 libraries in Hong Kong and Mainland China. During the 1997 financial crisis, he had even sold his mansion to continue funding his charity foundation.

  6. The UN advisor on Drugs and Crime believes money from drug cartels and organized crime saved major banks during the 2008 financial crisis

  7. The Bionicle line helped save Lego from its financial crisis of the late 1990s, becoming one of its biggest and most successful product lines.

  8. In 1998, South Korean citizens donated their private gold to help repay an IMF loan the country needed during the Asian Financial Crisis.

  9. Banks have not resolved their ethics issues since the 2008 financial crisis due to "deep-seated cultural failures at many large financial institutions"

  10. The BIONICLE toyline helped save LEGO from its financial crisis of the late 1990s, accounting for nearly all of LEGO's financial turnover from the previous decade and becoming one of its biggest and most successful product lines.

financial crisis facts
What was the 2008 financial crisis?

Financial Crisis data charts

For your convenience take a look at Financial Crisis figures with stats and charts presented as graphic.

financial crisis fact data chart about Financial crisis in Greece vs searches for "Mercedes"
Financial crisis in Greece vs searches for "Mercedes"

financial crisis fact data chart about The 2007 financial crisis was a great time to buy stocks, ev
The 2007 financial crisis was a great time to buy stocks, even AIG made money

Why financial crisis occur?

You can easily fact check why financial crisis in india by examining the linked well-known sources.

During the financial crisis of 1720, known as the South Sea Bubble, the Houses of Parliament called for stockbrokers to be sewn into sacks filled with poisonous snakes and thrown into the River Thames. Now with a better link!

When Rome entered a financial crisis in AD 39, Caligula resorted to extreme measures to save the economy, including: seizing estates from Patricians, taxing weddings, and selling popular gladiators to the highest bidders.

The only bank in the US prosecuted in the wake of the 2008 financial crisis was Abacus Federal Savings Bank, a small bank in NYC's Chinatown - source

John Brown moved his family to Franklin Mills, Ohio, in 1836. He suffered massive financial losses again in 1839 during the economic crisis.

The main countries whose distribute the most dividends since 2009 in billion are the same and the 2008 financial crisis doesn't totally impacted the dividend distribution. - source

What to do when financial crisis?

In AD 33, the Roman Empire had a financial crisis similar to the Stock Market Crash.

How financial crisis occur?

The main reason Warren Buffet didn’t help broker a deal to save Lehman Brothers from collapse during the 2008 financial crisis is that he didn’t see a text sent to his flip phone, for 10 months.

The CEO of Citigroup admits that the chipping away & final deregulation of the Glass-Steagall act is in part responsible for the financial crisis

Antidepressants in the US are used by an estimated 16 million people with roughly 70% being female. In the UK, the number of users of antidepressants rose by 25 million between 1998 to 2012 with a 50% rise after the 2008 financial crisis.

In 2006, Frederic Mishkin, a Columbia University professor, co-wrote a paper called "Financial Stability in Iceland." The report maintained that Iceland had a strong economy. It was later learned, after Iceland experienced a major financial crisis, that Mishkin was paid $124k for his work.

During the Asian Financial Crisis in 1997, South Korean Citizens Voluntarily Gave Up Gold to Help Country Out of Bankruptcy

Financial crisis infographics

Beautiful visual representation of Financial Crisis numbers and stats to get perspecive of the whole story.

financial crisis fact infographic about The mean sentiment (#positive words - #negative words) of th

The mean sentiment (#positive words - #negative words) of the lyrics in weekly Billboard Top 100 songs corresponds to the '08 financial crisis timeline


When did the financial crisis start?

ESports rise in popularity started during the Asian financial crisis, when unemployed gamers needed something to do

The sinking of the SS Central America (aka Ship of Gold which contained 30,000 lbs of Gold) in a hurricane, contributed to the first world-wide financial crisis (Panic of 1857).

During the financial crisis of 1720, known as the South Sea Bubble, the Houses of Parliament called for stockbrokers to be sewn into sacks filled with poisonous snakes and thrown into the River Thames

In 1998, South Korean citizens donated their private gold to help repay an loan the country needed during the Asian Financial Crisis.

How was the 2008 financial crisis solved?

National City Bank was the only one of the 25 largest U.S. banks to be denied TARP funds in the 2008 financial crisis and was then bought out by PNC bank who received National City's allotment of funds.

In the 1980s, New Zealand had its own version of Reaganomics called Rogernomics which offered nearly identical policies. It is considered responsible for a financial crisis in NZ in the early 90s.

Warren Buffet predicted a wide-scale economic event while discussing the dangers of derivatives 6 years before the financial crisis

In 2009 the Icelandic people forced all government officials to resign because of fraud and a financial crisis

Every year a word is named "German Word of the Year". Examples include Holocaust (1979), Tschernobyl ("Chernobyl", 1986), AIDS and Kondom (1987), Der elfte September ("September 11", 2001), Finanzkrise ("financial crisis", 2008), and Flüchtlinge ("refugee", 2015).

During the financial crisis (2008) Hank Paulson of Lehman Brothers met with Alistair Darling, chancellor of the exchequer, to oversee Barclays bid for Lehmann Brothers. Darling expressed reservations and blocked the deal. 3 days later Lehman Brothers filed for bankruptcy.

"The Panic of 1873 was a financial crisis that triggered a depression in Europe and North America that lasted from 1873 until 1879"

The 1997 Asian financial crisis - the GDP of Thailand, Indonesia, Malaysia, the Phillipines & South Korea fell by $218 billion, millions fell into poverty & an approx. 10,000 people committed suicide due to the crisis

During the Financial Crisis, Twice As Many Prime Home Owners Lost Their Homes Than Sub-Prime Home Owners Who Defaulted

Some countries including Poland, Moldova, Australia, and Bolivia never fell into recession during the global financial crisis

The Queen of England once asked the economists at LSE that if the problems that led to the financial crisis were so widespread then why didn't anyone of them notice it!

The only bank that has been indicted for the 2008 financial crisis was a family-owned bank in New York called Abacus Federal Savings Bank. After 5 years and $10 millions legal battle against the New York District Attorney's Office, the bank was found guilty on all charges.

Hunter S. Thompson accurately predicted the Iraq and Afghanistan wars, NSA spying scandals, the financial crisis and Arab Spring in a 2002 interview

One of the few people who predicted (in 2006) the 2007-2008 financial crisis (and warned about it loudly and early) is still ridiculed by the majority of pundits and economic strategists, and he is now forecasting a recession that is an order of magnitude greater.

This is our collection of basic interesting facts about Financial Crisis. The fact lists are intended for research in school, for college students or just to feed your brain with new realities. Possible use cases are in quizzes, differences, riddles, homework facts legend, cover facts, and many more. Whatever your case, learn the truth of the matter why is Financial Crisis so important!

Editor Veselin Nedev Editor