Worldwide Collapse of Financial Markets in 2008

Worldwide Collapse of Financial Markets in 2008

Ozzie Mascarenhas SJ, Ph.D. St. Aloysius
June 25, 2015
SKU: BUS-00005

Region of the world: Africa, Asia - Pacific, Europe, Latin & South America, North America
Topic: Strategy & General Management, Finance & Accounting, Organizational Behavior
Page length: 7
Keywords: 2008|worldwide|collapse|financial|markets|Paris|disaster|government|debt|convention| tax deductibility|communism|Ozzie|Oswald|Masc|Ma|Mascarenhas|
Price: Free
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Cases in Corporate Ethics 1.1: The year 2008 will go down in American and global economic history as the worst since 1931. The year began with a shock – Société Général of Paris lost 4.9 billion Euros (then, around US$6.8 billion) on the unauthorized speculative positions held by a low-level trader. This presumably gigantic loss was quickly dwarfed by a series of disasters that followed. Some events in this regard are chronicled in this case series.