Try this America and get ride of the present financial crisis

Try this America and get ride of the present financial crisis

The banking sectors of America are collapsed and they are facing the biggest challenge ever. America witnessed same crises in 1930s; today the issue is more serious and need to be rectified at lightning speed. It is a fact that the basic financial structure of America is very strong compared to other developed countries. Then what went wrong that leads to the present financial crisis? The failure of banking sectors need to be mainly criticized for the crisis? Can the strongest country in the world able to get ride of this financial crisis without much effort? The fact is that the financial crisis of America would affect home prices in domestic level and would lead to inflation. The situation cannot to write off simply saying that the phenomena happened once is a century or something like that. The government of United States of America has to play a major role here and obviously need to take some harsh steps for the remedy of the present financial crisis in America. How to stabilize the financial system and find a logical remedy for the financial crisis? It is a big question as there are lots of obstacles ahead before the government. As far as experts are concerned the real success of escaping a recession is greater than 50 % and it is a good omen.

The financial crisis of United States would automatically affect the economic structure of Britain and Japan. In fact Britain is facing similar problem and just wait and see what happened. Globalization and Privatization are the real villain or anti heroes for the present financial crisis of America? Globalization may be excused, but privatization smell a rat as authorities continuously fails to find a solution for the financial crisis.

What happened to the giant Lehman Brothers and American International Group? These financial giants once controlled the financial structure of America; today they filed an appeal for insolvency. What a pathetic situation. International credit agencies like Standard and Poor, Mudees, and Fitch cut down the ratings of American International Group to a great extent. A.I.G has much collaboration globally and the entire buildings collapsing, the ship is sinking. Who is going to resolve the financial crisis of these institutions and who bell the cat?

The remedy for financial crisis is vest in the hands of U.S. government. The public sector should be given more authorities and nationalized banks should be formed. Major Banks should under the control of the government. There may have been serious blockades at the beginning, but liquidations should be handled with utmost care. The government should protect every single financial institution including banks and insurance. Financing tax cuts with borrowed money could not make much difference and the financial problem cannot be solved only with this.

Privatization plays a major role in the present financial crisis of America. The financial institutions are allowed beyond freedom and it costs ultimately. The stringent actions need to be taken and it is the responsibility of U.S. government to take adequate steps to resolve the problem. The interest of the shareholders in the primary market need to the protected at any cost. Harsh steps are awaiting and the real remedy is welcomed and praised in future.