Last year's subprime crisis was called subprime crisis because it was only a financial crisis triggered by subprime bonds, mainly confined to the United States, and no big companies went bankrupt, so the harm was not great! !

This year is called the Wall Street financial storm because its own subprime bond is a high-risk investment, but many banks on Wall Street have made its investment level very high, which makes people feel that the risk is very small. With the downward trend of the crisis caused by the first subprime mortgage, many Wall Street predators began to be blindly optimistic, and then a large number of "bargain-hunting", many subprime mortgages themselves, so after the financial explosion caused by the second subprime mortgage, a large number of world-class companies filed for bankruptcy. !

In fact, the reason why this financial crisis has never happened in a hundred years is because he regards the neoliberal monetary economy that western society has been proud of for hundreds of years as a joke! Westerners learn from classical economics to neoclassical economics, and then to Keynes's government intervention in deficit finance and Friedman's neoliberal monetary economy! Basically, they think that their capitalist system can overcome the so-called financial crisis, which completely destroyed their minds, and they began to face up to Das Kapital, a book that said that capitalism can only develop through the financial crisis!

The financial crisis in 2008 is far from over, so we don't know what kind of reforms will take place in European financial markets, but what is certain is that we are lucky to be in an era of great financial system reform! !