Chapter 16 Discussion Securities Markets What has led to the downturn of the financial industry, and therefore the decrease of finance jobs?

The civil war and the subprime lending, in my opinion, could be large contributing factors to the downfall of the financial industry and resulting in unemployment. So, this can lead into financial crisis because banking did not get enough return money and cannot lend money to other customers. The majority of small businesses will be incompetent and that can lead into chaos economy for every businessman and the broad community as well. When the financial industry downturns, most of the time small businesses got hurt because they do not have much profits. That can lead them to shut down their business and then they will be out of work. Also, lending excessive money to the public and those businessmen may then not be returned on time, so that can lead into financial crisis.