Reference no: EM133195176
Money and Banking - Financial Crisis VIDEO Assignment
"Inside Job" Documentary
Question 1. There were numerous reasons given that were behind the economic collapse of 2007. List and discuss just 5 reasons. (5 pts)
Question 2. Give 2 suggestions of what could have been used to control or even avoid the 2007 financial crisis. (5 points).
Question 3. Why didn't the SEC (Securities Exchange Commission) get involved to help lessen or even avoid the credit crisis? (5 points)
Question 4. Name five Investment banks in the US at the time of the financial crisis. (5 points)
Question 5. What happened to the savings and loan companies? (5 points)
Question 6. What happened to the banking industry in the 90's and 2000's, consolidation or expansion? Give examples. (5 points)
Question 7. What financial institution was the largest lender of subprime loans? (5 points)
Question 8. Who was the Federal Reserve Chairman in the 2000's? Discuss his comments/viewpoints about the recession at that time. Use outside resources if needed. (5 points)
Question 9. Who is the current Federal Reserve Chairman? (5 points)
Question 10. What are the riskiest loans called? Why did investment bankers prefer them? (5 points)
Question 11. What is a CDO? (5 points)
Question 12. What is the highest possible credit rating? Explain what it means. (5 points)
Question 13. Who took over AIG? How did it occur? (5 points)
Question 14. Does the video say derivatives make markets safer or more unstable? Why? (5 points)
Question 15. What did bankers do with derivatives? (5 points)
Question 16. What did you think about the video? Biased? Anti-government? Anti-banking industry? Why?
Question 17. What did you learn from this video that you can apply to your personal financial future?
I expect 3 - 4 paragraphs and full support from items in the video!
Question 18. Provide your own opinion on the actions of the US Government and the Federal Reserve during the 2007 financial crisis in solving the credit crisis.