2008 Financial Crisis
A paper from the New England Complex Systems Institute claims that they have found evidence that suggests the 2008 financial crisis was triggered by a "Bear Raid" market manipulation by short sellers against Citigroup late in 2007. The uptick rule was repealed in in July, 2007, and the alleged bear raid took place in November, 2007.
Read more about this topic: Uptick Rule
Famous quotes containing the words financial and/or crisis:
“Just as men must give up economic control when their wives share the responsibility for the familys financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)
“... whats been building since the 1980s is a new kind of social Darwinism that blames poverty and crime and the crisis of our youth on a breakdown of the family. Thats what will last after this flurry on family values.”
—Stephanie Coontz (b. 1944)