Social Studies, 23.06.2020 23:01 StephenCurry34

You just watched a video in which President Obama announces his plan for financial regulatory reform. According to President Obama, what are the reasons for the financial crisis?

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Answer from: danidavis2002

After watching the video of resident Obarc Obama and listening to his plans for the financial authority for the reforms. he asserts the reasons for the crisis.

Obama tells that there are various reasons for the financial crisis. According to him, one of reason is irresponsible nature of practices by the financial institutions. amount of the risks involved in newly created investment was high, and few investors or consumers comprehend this. These types of investment were made possible by lack of regulation within the system.

Learn more about the video in which President Obama announces.

Answer from: emilaw7823

According to the president, one of the main reasons that triggered this crisis was the lack of responsibility of national financial institutions.

Explanation:

According to the president, the country's financial institutions were irresponsible in creating situations in which there was a very large amount of risks involved in national investments. In addition to this increase in risks, the number of investors was very small and the number of consumers was even smaller. This caused a deregulation in the financial system that generated a strong national crisis, leaving the economic sector in complete chaos.

Answer from: Quest

Sorry wish i could

Answer from: Quest

Aunitary state is a form of state where power is concentrated and there is a single center of power that extends its actions throughout the territory of the respective state. this, through its agents and local authorities, delegates of that same central power, and in its majority; it can count on a single legislating apparatus; except for certain exceptions, which legislate for the entire country; a judicial power, which applies the current law to the entire territory of the state and within which a supreme court of justice is established, which has jurisdiction at the national level; a single executive power, that is conformed by all the governors (president, governors, mayors, etc.); and a single political constitution, which governs all the territory and to which all the authorities and inhabitants of the state are subject.a confederation (from the latin: confœderatĭo) consists of the union of states that retain their sovereignty and are governed by certain common laws. initially there was talk of "confederation" in the case of alliances, for this reason the word "confederation" is still used in non-governmental civil society institutions. for this reason, the term confederation is also used to describe any type of organization that combines the authority derived from other semi-autonomous entities. in this case, sports confederations can be cited as some examples. however, the word confederation takes much more relevance when it comes to some permanent alliance of states or some association or association of states.characteristics of a federal government system

a) written constitution. also known as magna carta and a necessity of the democracies that form federations to regulate the principles by which the government will be governed, because if they had to act without a body of specific laws would produce confrontations.

b) territorial division. federalism is constituted by the division of powers on the geographical basis of each territory.

c) decentralization. in a federal system there is both a central government and units of government lower than the central one, each making decisions regarding the provision of certain public services in their respective geographical jurisdictions.

d) supreme court of justice. to counteract the rigidity of the written constitution, judicial action is required to interpret said constitution and necessary changes can be made.

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You just watched a video in which President Obama announces his plan for financial regulatory reform...

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Social Studies, 06.11.2020 20:30

Pictures idk lol points too