Wetherly and Otter: The Business Environment 
Multiple choice questions
Additional casesWetherly and Otter: The Business Environment
Chapter 02
Following the collapse of the sub-prime mortgage market in mid 2007, the consequences spread to the international markets following a global credit crunch. In the UK, this was best exemplified by the Northern Rock crisis in which investors began to rapidly withdraw their money on the suspicion that the bank was vulnerable to collapse. The British government then intervened to prop up the bank with tax payer’s money. Should the government have intervened to correct flaws in the market, and who is largely to blame for the Northern Rock debacle?
See:
http://www.stride.co.uk/property-insurance/what-happened-in-the-us-sub-prime-mortgage-market-and-could-it-happen-here%3F-nav34-47
http://news.bbc.co.uk/1/hi/business/6994160.stm
http://www.ft.com/cms/s/0/027b83ae-93ac-11dc-acd0-0000779fd2ac.html?nclick_check=1
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2492983.ece
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