Question

what can we do as individuals to prevent another financial crisis?

what can big companies/banks do to prevent another financial crisis?

Answer 1

As an individual we can prevent another financial crisis like by planning , budgeting , buying least expensive items for basic requirement , spend less then what you earn etc. In this way we can prevent personal financial crisis.

Big companies and banks can take various preventive measure to ensure that there isnt another financial crisis for example big banks should tightly control the credit it gives to various business, should evaluate the risk of each and every loans given by the banks also central banks should ensure that there is sufficient liquidity in the system. This all effort will result in avoidance of financial crisis.