When did we perceive to come out of the great depression?
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WW2
Gov't policies that contributed to housing crisis
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, Community Reinvestment Act (CRA) helped propel the housing market
crisis. This is debated. Arguments on the pro side say that the CRA forced
banks to make additional loans to poorer applicants because of
government regulation (redlining). Arguments on the con side say that the
law didn't force banks to make subprime loans nor did it ask them to lower
their lending standards. They instead did that to create profitable
derivatives.
Factors leading up to the great depression
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Roaring 20's
Trading stocks on margin
Black Tuesday
ARMs contribution to housing crisis
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ARMs offered teaser rates and sometimes "interest only" loans. These loans
were cheaper for subprime borrowers, but they reset after a few years. This
was okay as long as housing prices continued to increase. Then, they could
resell the house and profit. When prices declined....
When did the market crash hit the bottom?
Give this one a try later!
Give this one a try later!
WW2
Gov't policies that contributed to housing crisis
Give this one a try later!
, Community Reinvestment Act (CRA) helped propel the housing market
crisis. This is debated. Arguments on the pro side say that the CRA forced
banks to make additional loans to poorer applicants because of
government regulation (redlining). Arguments on the con side say that the
law didn't force banks to make subprime loans nor did it ask them to lower
their lending standards. They instead did that to create profitable
derivatives.
Factors leading up to the great depression
Give this one a try later!
Roaring 20's
Trading stocks on margin
Black Tuesday
ARMs contribution to housing crisis
Give this one a try later!
ARMs offered teaser rates and sometimes "interest only" loans. These loans
were cheaper for subprime borrowers, but they reset after a few years. This
was okay as long as housing prices continued to increase. Then, they could
resell the house and profit. When prices declined....
When did the market crash hit the bottom?
Give this one a try later!
