The Reasons Surrounding the Global Financial Crises Essay

The Reasons Surrounding the Global Financial Crises - Essay Example The essay "The Reasons Surrounding the Global Financial Crises" talks about the Great Depression which occurred in 1930 and was triggered off by the sharp and unprecedented decline in the American stock exchange, the Americans wrapped themselves up around Hoover blankets they had no jobs and the unemployment rate went completely out of control. The recent economic meltdown gave rise to a plethora of economic problems; it was triggered off by the subprime crisis. This paper will shed more light on the subprime crisis. Barrack Obama had to issue a bailout package to save the economy of America, earlier the credit rating of America was triple A but after the recession, it became double A which means America is less likely to pay its debt than earlier. Such news often sends panic waves across the world. The financial crisis triggered off because of the subprime crisis, subprime refers to excessive borrowing and the inability to pay back the debt. â€Å"Several times recently, Treasury Secretary Paulson has claimed that the "root cause" of the current financial crisis is "the housing correction." (Root Cause of the Financial Crisis) The people in the US took loans from banks and other major financial institutions and invested that money into the housing sector but the prices of their houses declined sharply and they were unable to pay their loans back. Institutions like Lehmann Brothers and others went bust because they could not recover their loans and the ever-increasing debt affected them immensely.

Reflective report Essay Example | Topics and Well Written Essays - 3000 words - 1

Reflective report - Essay Example For this reason, the central role of any forensic investigator is not only in executing investigation to unearth the truth about a mystery, but also to apply his or her prowess to seize and safeguard obtained evidence. In this reflective report, I will emulate on the role and function of a forensics investigator when performing a forensic investigation and the responsibility that the forensics investigator has for seizing and safeguarding evidence. The report entails two segments: the first one being a topic of Peter’s material and second is on a topic from Nick’s material. I have selected Digital Forensics and Systems Analysis and volatile memory topics from Peter and Nick’s topics respectively. As a result, the objective of this reflective report is to explain the knowledge and experience I have gained in the unit on the role and function of a forensic investigator in reference to my selected topics. The module on the role and function of a forensic investigator and particularly the understanding about Digital Forensics and Systems Analysis has been instrumental to me in several ways. Typically, a digital forensic is an investigation process that uses scientific and technological knowledge to examine digital objects and consequently develop and test theories. It can be invoked, in a court of law, to respond to questions about incidences that occurred. Considering the credibility that such evidence demands, I have gained substantial lessons from the unit on digital forensics and systems. Of the many lessons, some of the significant ones include an understanding of the types of digital analysis, digital investigation models, and digital crime scene investigation processes. Through this module, I realised that in digital forensic investigations, the investigator often encounters many digital data formats that subsequently demand different models of analysis.