Resumen de Financial Crisis 2007-2009 how credit rating agencies, mark to market and shadow banking system generated and worsen the crisis?
This Paper seeks to explain some main factors behind the Financial Crisis 2007-2009 with a special focus on the Credit Rating Agencies, Mark to Market and Shadow Banking System, there role in US Financial System and how these factors generated and worsen the crisis. Financial Crisis 2007-2009 which starts from the United States sub-prime Mortgage market nd spread to US financial sector and later on spread to the rest of world is said to be the even bigger crisis than the Great Depression of 1929. This crisis is unique in this way that in history we haven�t seen such a bigger impact world wide from any crisis. This paper would analyze the main causes which are right in the heart of the crisis and least discussed.
