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Crisis Core: Final Fantasy VII [a] is a 2007 action role-playing game developed and published by Square Enix for the PlayStation Portable.The game serves as a prequel to the 1997 title Final Fantasy VII, and is part of the metaseries Compilation of Final Fantasy VII, which includes other products related to the original game.
It was later found that about half the core had melted, and the cladding around 90% of the fuel rods had failed, [21] [83] with 5 ft (1.5 m) of the core gone, and around 20 short tons (18 t) of uranium flowing to the bottom head of the pressure vessel, forming a mass of corium. [84]
Economist Paul Krugman described the run on the shadow banking system as the "core of what happened" to cause the crisis. "As the shadow banking system expanded to rival or even surpass conventional banking in importance, politicians and government officials should have realized that they were re-creating the kind of financial vulnerability ...
On September 22, 2008, a revised proposal to sell the brokerage part of Lehman Brothers holdings of the deal was put before the bankruptcy court, with a $1.3666 billion (£700 million) plan for Barclays to acquire the core business of Lehman Brothers (mainly Lehman's $960 million Midtown Manhattan office skyscraper), was approved.
On March 10, 2023, Silicon Valley Bank (SVB) failed after a bank run, marking the third-largest bank failure in United States history and the largest since the 2007–2008 financial crisis. [1] [2] It was one of three bank failures, along with Silvergate Bank and Signature Bank, in March 2023 in the United States.
source: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, p.229, figure 11.4 Credit rating agencies came under scrutiny following the mortgage crisis for giving investment-grade, "money safe" ratings to securitized mortgages (in the form of securities known as mortgage-backed securities (MBS) and collateralized debt obligations ...
In the years leading up to the 2008 crisis, Moody's and S&P rated tens of thousands of U.S. residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs). They regularly inflated the ratings, giving AAA grade ratings to the majority of RMBS and CDO securities, even though many were based on high risk home loans.
Moody's issued a report during morning trading which said their AAA rating of U.S. credit was in jeopardy, this after issuing a negative outlook in the previous week. [ 4 ] By market close, the Dow Jones Industrial Average lost 634.76 points (-5.55%) to close at 10,809.85, making it the 6th largest drop of the index in history. [ 5 ]