Reference no: EM131094086

Your are part of a team of an independent panel hired by the Chairman of the Finance Committee of the House and Senate to investigate the Subprime Mortgage Crisis and its aftermath. In 4 weeks, you will report your findings to the Committee.

The written report to the Committee has to include:

Summarize the actions already taken until now by the Federal Reserve and Federal Government to ease the credit crisis (Originally, the financial crisis started in the United States but soon spread to Europe. You will provide information about how the collapse of U.S. housing market results in the global financial crisis and how the global economy suffers its worst crisis since the 1930s. The financial crisis also spread to emerging economies which generally lacked the resources to restore confidence in their financial systems. Highly leveraged countries, such as Iceland, were vulnerable to the flight of capital. Countries that got rich during the commodities boom, such as oil-abundant Russia, were vulnerable to the global recession. Extremely poor countries suffered from decreases in foreign aid by wealthy countries. Even China experienced a substantial slowdown in growth as the global recession depressed its export markets.You mustinclude actual statistics to support your ideas.)

You can include footnotes in your tables and figures to indicate data sources or to explain the definition of variables. Your graphs must be of high-quality.

Cite if necessary where did you take some ideas from (websites, magazines, journals, etc.)