Name: James Bryle L. Galagnara Date: Oct.

28, 2021
Section: BSBA 3A

The 2007-2009 Financial Crisis: An Erosion Of Ethics: A Case Study

I. Facts of the Case

The devastating effects of the financial crisis on the U.S. economy, including
unparalleled unemployment, massive declines in gross domestic product
(GDP), and the prolonged mortgage foreclosure crisis.

II. Point of View

The U.S. economy and plunged the country into a long and deep recession
officially beginning in December 2007 and ending in June 2009. A sharp rise
in joblessness, which began in early 2008 and lasted to late 2009, saw
unemployment remain at 7.8 % or higher for 46 consecutive months. They
suffer a huge and disastrous financial crisis in 2007-2009.

III. Problem and Objective

1. Rash loaning driven to phenomenal numbers of advances in default;
bundled together, the misfortunes driven numerous monetary educate to
fall flat and require a administrative bailout.
2. To enhance students’ understanding of the 2007–2009 financial crisis in
the United States, and to provide a convenient tool that assists faculty
members to address the 2007–2009 financial crisis in their classes and to
enhance the student’s understanding of ethics.

IV. Areas of Consideration (SWOT Analysis)

1. Strength
The extraordinary efforts of the Federal Reserve, the Federal Reserve Bank
of New York, and the Department of the Treasury to stem the financial freefall
triggered by the crisis and resuscitate financial institutions.

2. Weakness
The economy will go down and the rising of unemployment rate on the
financial crisis.
3. Opportunity
 They have the opportunity to borrow in the World Bank to gain their losses of
financial.
4. Threats
They may used a huge money so they will have a big debt to be responsible
to pay.
V. Courses of Action
1. Increase the tax of every taxpayers in their country
2. Borrow a money to World Bank.
3. Increase the prices of goods and services

VI. Conclusion
The heart of the case study is the examination of the morality of the actions of
the principal players who triggered and ameliorated the financial crisis.
Therefore, it is a challenge to the people on how they develop and improve
their learning on the economy.

VII. Recommendation
I recommend to the U.S. to regain their economic growth is to increase the
prices of every goods and services where it can help to regain the money that
losses which causes to economic loss.

VIII. Reference
https://link.springer.com/article/10.1007/s10551-016-3052-7