http://www.inquiriesjournal.com/keyword/lcfi Inquiries Journal provides undergraduate and graduate students around the world a platform for the wide dissemination of academic work over a range of core disciplines. en-us Mon, 25 May 2026 14:11:23 -0400 Mon, 25 May 2026 14:11:23 -0400 http://www.inquiriesjournal.com/articles/1270/why-financial-conglomerates-are-at-the-center-of-the-financial-crisis By Arthur E. Wilmarth - In the United States, where the crisis began, markets for stocks and homes have suffered their steepest downturns since the 1930s and have driven the domestic economy into a steep and prolonged recession. The total market value of publicly-traded U.S. stocks slumped by more than $10 trillion between October 2007 and February 2009. In addition, the value of U.S. homes fell by an estimated $6 trillion between July 2006 and the end of 2008. U.S. gross domestic product declined sharply during 2008 and the first quarter of 2009, and five million jobs were lost during the same period. Many sectors of... Sun, 01 Nov 2009 12:00 EDT http://www.inquiriesjournal.com/articles/1270/why-financial-conglomerates-are-at-the-center-of-the-financial-crisis