Insurance
Investment mis-selling is a global phenomenon, and it has caused a worldwide financial meltdown. Investment mis-selling directly contributed to the worldwide financial meltdown, even if it was not the main cause.
The U.S. government can learn a lot from taking a look at what other countries are doing to address their financial crises, both for what the countries do right and for what the countries do wrong. Germany’s banks have let its investors down horribly, for example. So how have these bad financial practice impacted people around the globe?.
First of all, banks are businesses and need to create profit. Mis-selling was huge in the German marketplace. There was an article published called “Advised and Sold Out” which talked about the state of financial advice in that country. There were a lot of horrible and unethical practices that were going on in that country. Various reports and news media agencies confirmed these problems over several months afterward.