The russians in other words.
The 2008 recession/financial crises one of the worst of its kind in a generation. Major economies including the United States and the UK suffered a period of recession, consistent low-growth, rising unemployment and many businesses closing down.
A 10-member committee called the Financial Crisis Inquiry Commission was setup by the US government to study the causes of the recession, in the hopes that a future similar crisis could be prevented.
In 2011, the committee released their findings and pointed out the two major reasons for the crisis:
1. The basic reason for the crises as the Collapse of the housing market.
2. Which in turn was fueled by toxic mortgages, low-interest and easy credit available to everyone and minimal regulation.
The report also pointed out vast problems of corporate governance, lack of government will and unpreparedness.
They thought it would be over by Christmas
Hearst played a huge part in arousing the public's intention to go to war with Spain. ... Because of his leading role in inciting the war, Hearst was nicknamed the “Father of Yellow Journalism.” Hearst made some very intelligent moves as he tried to out-maneuver Pulitzer. He hired Pulitzer's writers for more money.
