Effects of the 2008 Financial Crisis on Banks

Discuss how has the global financial crisis 2007-2009 affected different banking systems in the world?

Why does Orwell believe that capital punishment is wrong ?
Effects of the 2008 Financial Crisis on Banks
Many banks were affected by the financial crisis between 2008 and 2009. Most banks lost money through loan defaults from mortgage. Also, this led to extreme effects on the lending amongst banks (interbank lending) overstretching the credit terms as well as making it impossible for bank consumers to access loans. Many financial institution became frozen of liquidity as the economic depression dug dipper leading to financial pressures. The 2007-2009 financial led to the decline in financial performance of commercial banks across the globe. Most of the collateralised debts for example mortgages were defaulted by mortgage holders leading to reduce profits. Banks performed dismally making it impossible to generate revenue from the real estate-backed securities. The economic depression hit harder and sin e banks could not withstand as this brought about a lot of losses during the crisis. Consequently, this led to decreased profits which led to poor performance and low profitability in the banking sector (Meegan et al. 128).
Moreover, the global financial crisis led to slower growth rates and financial instability among commercial banks across the world. There was a reduction in the total asset growth of most banks which means banks could not back their equity with available assets making impossible to become financial stable. The liquidity ratios were spanning higher as most of the bank’s assets were used to back loans but reduced performance of the asset market made it impossible for the banks to achieve financial stability. Perhaps, due to this it led to instances of decreasing growth rates among commercial banks as there were not able to attract consumers (Schoen 805).
Conclusively this shows that most commercial banks were affected by the great depression of 2007-2009. There was a reduction in performance, low growth and financial instability among banks. Mortgage backed securities were failing and could not yield the return due to falling asset growth.
Capital Punishment is Wrong According to Orwell
George Orwell through Hanging claims capital punishment is wrong. He brings out the fact that all lifes need to be considered as equal. He thinks ending another man’s life does not bring out equality among the people. Also,he claims that whether someone is condemned or not there is no way that is justifiable to end another person’s life. Orwell argues that a condemned man is equal as he sees, thinks and behaves like others which makes him equal. He brings out clearly that life is a very important thing someone has and needs to be respected. Therefore, he shows that life is a gift that should not be taken from a person which means everybody should be allowed to live so that they may exist even though they are condemned (Meyers 1).
However, his argument is contrary to legal provisions in certain countries but he says it is wrong to take a man’s life. Nobody should be allowed to take another person’s life even for a fact if he has done any wrong. Therefore, Orwell intends to make people thinking capital punishment is wrong. In such a case, as shown in his book when a person is hanged those watching enjoy which is also wrong. Despite his thoughts, I think capital punishment needs to be replaced by other alternative punishment like serving a jail term. Consequently, some of the countries have adopted alternative dispute reforms of punishment to ensure there is no capital punishment towards human life. Just like Orwell, the aim is to ensure no one is denied the right to enjoy his or her life even when he or she is condemned. For Orwell it would be prudent to allow people to live rather than using capital punishment as he argues it is wrong.

Works Cited
Meegan, Andrew, Shaen Corbet, and Charles Larkin. “Financial market spillovers during the quantitative easing programmes of the global financial crisis (2007–2009) and the European debt crisis.” Journal of International Financial Markets, Institutions and Money 56 (2018): 128-148.
Meyers, Jeffrey. Orwell: Life and Art. University of Illinois Press, 2010.
Schoen, Edward J. “The 2007–2009 financial crisis: An erosion of ethics: A case study.” Journal of Business Ethics 146.4 (2017): 805-830.