How Developed Countries and Locales Can Help Those Affected by the Economic Crisis

  Those of developed countries very much still have many of the right cards in their hands.  The upturn of the financial crisis from the views of the UK as they are affected by the choices of the U.S.   Many reports, forums, meetings etc have indicated that many of the factors that has caused the downturn a long list of variables.   Consulting studies also utilized by British Prime Minister Gordon Brown and Alistair Darling displayed the main factors.  Among the various factors the decisions made by banks and financial institutions of lending choices.  

  Although, EU is much aware of the Climate change issues that faces the world.  Q2 they revised many of their international biofuel policies and programmes.   Many of which also connected to the world food shortage.  Perhaps the recent economic state is the counter reaction of Q2 rapid increase cost of food prices biofuels, surely the IMF and World Bank are aware of these findings.

  Recently Areva partnered up along Rolls-Royce and Balfour Beatty and created a new nuclear program one of which that is projected to create 15,000 more long term jobs supply chain, manufacturing, engineering, etc.  Definitely a slice of the pie that the U.S. and other countries should look too.  Perhaps a sneak peak of what the future of the post crisis options.

  Those choices of various countries have now spread and affected other countries.  However, U.S. wise I feel like the banks and financial institutions are not really at the root of the issue.  When government made the decisions years ago when they wanted more EOE homeowners the so called "American Dream".   But now the next administration and the government should truly think about the effects of their decisions and how the flows throughout the people before these decisions and trends economically.  Did they not think about Economics as much then because of the surplus economy of the Bush administration.  

  After Katrina  provided incentives to lenders and and that's how the sub prime problems started and the variety of financing options.   The 2006-2007 decline of housing valuations and investor pull outs of land, urban commercial real estate in various developing markets should have been a large indicator of such progressive plans.  Surely this merely a small factor the inadequate mortgage products. 

  The General public should know as well at that time banks and financial institutions basically given the government decadence approval.  Reality some people are influenced and some now towards the beginning of a new administration and such crisis people are really looking to intelligent confident leadership.  An understanding of the situation is also important in aid of the economy.

  The economic pie is made up of 70% of consumer spending and the figures of black Friday and holiday retail statistics have since reflected a slowed decline this holiday shopping season.  Other sources of econometric tools other than those of U.S. Commerce Department indicated U.S. GDP at a negative which hadn't occurred since that last small recession of 1991.  Across the board, Disposable Personal Income DPI increased but Personal Consumption Expenditures, PCE decreased and the offset much more then DPI.

  Early August of 2008 delinquencies and foreclosure numbers have increased drastically since then to current, figures have increase steadily 79% since 2006.  The inaccurate credit ratings reports done by various rating institutions the sub prime mortgage crisis.   Many of which that have now affected much of the current housing crisis as well.   A recent meeting a Foreclosure expert mentioned that much of this information was conveyed to Congress and much years ago ignored.  Post crisis the foreclosure expert mentioned that this information had to be conveyed again after the fact.  

  Topic at a variety of round tables of bias induced judgement by lenders and borrowers.The Financing process is very simple, but reminded that some view Finance as a different realm as well.  Statistically many graphs and figures show that much lenders are borrowers seemed negligent when it came about the sub prime issues.  Post Crisis many of those negligent have admitted in my presence that they were much aware of those factors.