Expo 2010

Facts The largest municipal bankruptcy, in the history of the United States, was Orange County California, and at the center of this unforeseen catastrophe Robert Citron. Irrefutably, the financial complications that lead to the bankruptcy were the direct result of the mismanagement of public funds by county treasurer, Robert Citron. Furthermore, due to Citron risky investments with the county’s monies, he left the county in a one-and—half billion dollars’ worth of debt. According to the text,…

Futbol, otherwise known as soccer in the United States, is a well known athletic game across the country of Mexico. The current premier league became established in 1943. However, the first international match was in 1923, and since then the only country to have ever hosted two World Cups, the biggest soccer tournament in existence. Therefore, there are generations of soccer fanatics passed on in the families of Mexico. With that being said, this sport is taken very serious in some aspects of…

“You never know if you can actually do something against all odds until you actually do it.” -Abby Wambach (pinterest.com). Abby Wambach is a role model and a hero because of her determination to persevere when all odds seem against her, her supportive and everlasting positive attitude towards life, soccer,and her teammates, and her unmistakable role of leadership she plays for her teammates. Abby Wambach was born June 2, 1980 in Rochester New York. She was the youngest of seven kids. In high…

One of the reasons conflicts have not ended is culture. More interactions between different civilizations are intensifying the awareness of differences between cultures. Because civilizations do not understand differences between theirs and others, conflict arises. In some conflicted areas of the world, liberalism has failed and new authoritarian powers have appeared. The cause of the 2008 economic crisis was borrowers not being able to keep up with their ballooning mortgage payment. As a result…

regulated at all, with others subject to less oversight than their peer financial firms organized under different charters” (Morrison & Foerster, 2010, p. 6). After the financial crisis, analysts pointed to the “many regulatory failures” and gaps in oversight as the reason unethical and illegal practices were overlooked or ignored (Madrick, 2010, para. 3). As a result, the provisions set out by Dodd-Frank included several changes in government oversight, including the creation of new…

Greece is on the verge of going bankrupt. Greece failed to make a payment to the International Monetary Fund (organization of 188 countries, working to secure financial stability and international trade). Will Greece be leaving the Euro zone? The Euro zone has been helping Greece for many years financially, but you can only help someone or something for so long. Currently, Greece is under strict rules to get their financial situation back in order. How will the future Greece affect the Euro zone…

In Sanders book he states that academics have identified a number of factors that set the stage of the mortgage market “Financial innovation in the form of asset securitization… Imprudent business and risk management decisions based on the expectation of continued housing price appreciation Faulty assumptions in the model used by credit rating agencies… Gaps and weaknesses in regulatory oversight… Government policies to increase home ownership … lending to higher-risk borrowers… economic…

The subprime mortgage crisis was the closest the United States had come to economic instability. The subprime mortgage crisis was a four-year long period in which the home prices and ownership plummeted. The crisis started out in the 1990s, when the United States government wanted to help increase homeownership by the deregulation of policies. To tackle the issue of “affordable housing” the Department of Housing and Urban Development helped ease regulation to private companies and banks when…

Introduction When banks and large corporations have huge pending bills that they are unable to settle, they can turn to the government for a financial bailout. According to Casey and Posner (2015), a bailout is a transfer of resources, including money from the government to a private agent or even to an allied government. Government bailouts are aimed at preventing the potential collapsing of the economy by insuring the corporations against collapse. Notably, there was a substantial bailout in…

I will be discussing the bailout that occurred during the Great Recession of 2008. I will also examine the advantages and disadvantages of the bail out. Lastly, I will be analyzing and hypothesizing the bailout of 2008 and how it will and has affected my generation, and those to come after. In December of 2007 the great recession started, and it lasted until June of 2009; this had been the largest recession since World War II (WWII) (Adams, 2016). During the Great Recession, the resulting loss…