The financial crisis was a ‘stock market’ failure

The new year 2011 is here with us and with the number of financial resolutions Ecoke deemed fit to vividly look into the past year crisis which brought many economies to their knees, ‘The financial crunch’.Ecoke believes that the crisis was manmade and would have been avoided if all the stakeholders were involved. You are asking why?, Ever asked why these top firms were never affected by the global crisis?;
1. Primark
2. Pawnbrokers
3. BBC
4. McDonald’s
5. Ryanair
6. William Hill
7. Google
8. Wal-Mart
9. Exxom Mobil
10. Potential Entrepreneurs
At that moment, one could spot a common problem with Investment banks’ balance sheets, where you observed that on the left side nothing was right while on the right side nothing was left. The primary victims of the crisis were; the housing market which reported dramatic falls in activity as housing construction and buying collapsed in major economies, Secondly, the Bank and financial services which as the scale of ‘toxic debt’ and mortgage default unravelled, reported inevitable record losses and finally the Discretionary retail spending in particular the car industry, hotels, airlines and international travel sector in general. The US was at the receiving end, with many accusing it of making a new weapon that destroyed people ,but kept the building intact(The stock market).Its times like these when tremendous competitive success were achieved, Companies shifted positions in the market place, market leaders become followers and followers become leaders, because it was a period where everything was opening and unfreezing. Financial insecurity was real, a bank client in an interview once said... ‘What worries me most about the credit crunch is that if one of my cheques is returned stamped ‘Insufficient Funds’, I won’t know whether that refers to mine or the banks’. Do we have sound financial policies for this year and posterity?