Eric Rems Top Contributor
50 Summaries
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Eric is an SVP of Product at Citi Fintech, helping create the bank of the future

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Technology Development, Tennis, Finance, Economics

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Citi Fintech

Summaries Posted

1. Global Financial Crisis
In 2008, the United States experienced a major financial crisis which led to the most serious recession since the Second World War. Both the financial crisis and the downturn in the U.S. economy spread to many foreign nations, resulting in a global economic crisis.

On September 15, 2008, Lehman Brothers, one of the largest investment banks in the world, failed. Over the next few months, the US stock market plummeted, liquidity dried up, successful companies laid off employees by the thousands, and for the first time there was no longer any doubt a recession was upon the American people.
2. Bergdahl Released
On May 31, 2014, Bowe Bergdahl (a U.S. Army Soldier who's been held captive by the Taliban since 2009) was released by his captors and recovered by U.S. special ops forces in Afghanistan. The release was dealt by the American, Qatar, and Afghanistan governments with the Taliban, in exchange for 5 Guantanamo Bay detainees. The Taliban detainees were known as the "Taliban Five"- who were transferred from Guantanamo Bay, Cuba, to custody in Doha, Qatar. They were the Taliban army chief of staff, a Taliban deputy minister of intelligence, a former Taliban interior minister, and two other senior Taliban figures.
3. Las Vegas Shooting Rampage (2014)
On June 8, 2014 a married couple ambushed two Las Vegas cops at a CiCi’s Pizza and killed a civilian in a nearby Walmart store in Las Vegas, Nevada.

Jerad Miller, 31 and Amanda Miller, 22, the couple responsible for the shooting, are said to have ties to several anti-government groups. The couple took their own lives at the end of the shooting rampage. The attack at a CiCi's Pizza killed officers Alyn Beck, 41, and Igor Soldo, 31 and the shooting at Wal-Mart killed Joseph Wilcox, 31. Jerad Miller allegedly yelled, "This is a revolution!" at the shooting.
4. U.S. War in Afghanistan
The War in Afghanistan refers to the intervention by NATO and allied forces in the Afghan War. After 9/11, President George W. Bush gave the rulers of Afghanistan an ultimatum: hand over the terrorists responsible for 9/11, or “share in their fate.” The Taliban—the Islamic fundamentalists who ruled the country—refused to surrender their ally, terrorist leader Osama bin-Laden. Air strikes began on 10/7/01, less than a month after 9/11. Then on May 2, 2011 the U.S. Navy SEALs killed Osama bin Laden in Abbotabad, Pakistan. About three weeks later, NATO leaders endorsed an exit strategy for withdrawing forces.
5. 2000 US Presidential Election
The 2000 United States presidential election was one of the closest and most controversial presidential elections in history. A month of recounts and court challenges followed, culminating in the Supreme Court case Bush v. Gore. Following the court’s 5-4 decision, George W. Bush was declared the winner over Vice President Al Gore by 537 votes in the state of Florida. Domestic issues as opposed to foreign policy dominated the campaign. Key issues were prescription drug prices, campaign finance reform, Social Security, and education. Each candidate claimed their economic plan would reduce the deficit.