Provititi Financial Crisis FAQ Series

What started as financial turmoil has now gripped the real economy and spread throughout the world. Few in the financial services industry – or in any industry, for that matter – would disagree with this statement. The global financial crisis continues to evolve with no apparent end in sight and create new challenges for businesses on a daily basis. A seemingly infinite number of questions continue to emerge about how the crisis developed and spread, how it is affecting companies of all types and sizes, what governments are doing to address the crisis, and what companies must do to secure their own futures.

To help companies keep pace with the rapid changes emerging from the crisis, Protiviti has released a report titled, The Current Financial Crisis: Frequently Asked Questions, which answers more than 100 important questions about such emerging issues as mortgage loan modifications, the auto industry bailout, and the potential impact of the new administration on the current economic situation. The bulletin also includes updated information about issues addressed in prior editions as well as an expanded timeline of events.

Part 1: What Caused the Crisis?

Part 2: The Role of Subprime Loans

Part 3: Worst Credit Crisis in History?

Part 4: Did We See It Coming?

Part 5: The Other 'CDs': Credit Default Swaps

Part 6: Global Reach and Impact of the Crisis