Wellcome To My Info Sky

The American bank collapse, also known as the financial crisis of 2008, was a complex and devastating event that had a significant impact on the global economy. Here is the story of how it unfolded:

The Roots of the Crisis

The roots of the crisis can be traced back to the housing market in the early 2000s. As housing prices rose, banks began to issue more and more subprime mortgages to borrowers with poor credit ratings. These mortgages … Continue Reading

Pakistan is facing an economic crisis due to a combination of factors, including high levels of debt, a large trade deficit, and a shortage of foreign currency reserves. This has led to a banking crisis in the country, with several banks facing liquidity issues and a decline in public trust in the banking sector.

One of the main factors contributing to Pakistan’s economic crisis is its high levels of debt. Over the past several decades, the country has accumulated a large amount of debt, both domestically and internationally, which has put a strain on its … Continue Reading