Pusat Info Beasiswa

 Pusat Info Beasiswa

Jumat, 12 Desember 2008

Root of Global Crisis

This story began from the economic system in America that every company must have twenty percent (20%) increasing of their revenue. Wow, this sounds great. This system has a good purpose, because it can make a good environment for those companies in America to do effort making their balance always in surplus condition. But as a matter of fact, it doesn’t always work.
A giant corporation called Lehman Brother in America that has many portfolios in every types of business. One day, they make a business in property. They many houses for middle down American people so they can live properly. They think if those American people can not pay the installment they can seizure the house and they can resale to other people. For notice, there is a requirement from a rating organization that draw up regulation more less 500. But with determination from Lehman Brothers they want to reduce that number up to 200 so that those “poor” American people can buy that house. You know, in the fact those people who kicked out from their credit house, they buy another credit house so by the time goes the credit doesn’t run well, stuck.
This very bad condition knows we called Subprime Mortgage. After this subprime mortgage Lehman Brother Corporation collapse and goes bankrupt. Because this giant corporation collapses so the subsidiaries of Lehman Brothers that has very big influence in America and the world like city bank and the others also went bankrupt. This condition is like a domino affect where one card get down so the other will get the same.
This global crisis spread up to Indonesia that using open economic that let the investor from abroad invest and has dominant share. So when investor collapses the economic condition will also get the same condition.

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