Fannie Mae

Ice land is a stable democracy, with a high standard of living, this country has low unemployment, and extremely low government debt. They provided clean energy, food production, fishery’s, with a quota system to manage them. Iceland has good healthcare, good education, clean air, and doesn’t have much crime. It’s ultimately a good place for families to live. They had almost end of history status, but in 2000 Iceland’s government began a policy of deregulation that later had terrible…

One of the biggest questions that many people are asking is should I buy a house? This is a very good question to ask. There is an ongoing debate on rather buying a house is better than continuing to rent one. Consider the stability, freedom, and now the affordability that buying your own house can bring. In most cases it’s more beneficial to buy a home instead of renting one. If you have ever considered buying a house, I’m going to tell you why you’re on the right track. Buying a…

beaten and raped in front of everyone several times. After the group was let out, “she told her story on national television at the Democratic National Convention in 1964 and continued to tell her story until the day she died” (195). She referring to Fannie Lou Hamer, and her story of how she was brutally beat and raped. After sharing her story other women began to share theirs. Jeanne Nobles was also a victim of police brutality in jail and said, “I can think of no greater indignity than…

eight investment banks for conflict of interest and recommending dot-com stocks they thought were junk. The lawyers had reached settlements totaling $1.4 billion in fines in the year 2002. (Inside Job). Through 2000 to 2005 the investigations of Fannie Mae and Freddie Mac revealed a massive accounting fraud and in 2002, Arthur Andersen, auditor, was convicted of obstruction of justice for shredding Enron documents. (Inside Job).…

elderly, people of low income, minorities, and individuals with limited understanding of financial transactions" (Bond 2002, p. 34). Predatory lending was also practiced on more well off groups during the mortgage crisis. One shadow bank, named Fannie Mae by the government, “estimated that up to 50% of the subprime refinanced loans could have been prime loans--saving the borrowers thousands of dollars in fees and interest rates” (Christie 2007a, b). Predatory lending to specific groups is not…

The definition of which could differ to individuals but during a press conference by President George W. Bush he clearly relates the American Dream with home ownership. “Right here in America if you own your own home, you're realizing the American Dream” (G.W Bush, Remarks by the President on Homeownership, St. Paul AME Church Atlanta, Georgia USA, June 17, 2002). In 2003 the Federal Reserve dropped interest rates to 1% (Labonte & Makinen, 2008) this caused America to start spending big and the…

Thesis: The actors involved in the Great Recession as well as those that facilitated the current Chinese real estate bubble have yet to face any criminal prosecution; which stands in disproportionate contrast to the hundreds that were jailed in the better handled Savings and Loan Crisis that was significantly less impactful on the global economy. The recent 2008 Financial Crisis, dubbed the Great Recession, has been one of the worst financial panics to grip this nation since the Great…

The Federal Reserve Act The Federal Reserve is the Central Bank of the United States which was created by the Federal Reserve act in 1913. This Act of Congress established the Federal Reserve as the sole issuer of currency, Federal Reserve notes, which we commonly call the US dollar. The Federal Reserve was created to alleviate banking panics that had occurred throughout the history of the United States, with hopes to assure investors that their deposits were safe. Kevin Hassett from the…

Introduction The Lehman Brothers company had a long history of perseverance from the railroad bankruptcies of the 1800s, to the Great Depression of the 1930s, two world wars, and the Russian debt default in 1998 (Investopedia, 2015). Their century long history of endurance started to erode during the U.S. housing market collapse of 2008 with Lehman’s extensive investment in the subprime mortgage market. With $619 billion in debt and $639 billion in assets, Lehman Brothers filed for bankruptcy on…

Thesis: Ethical behavior for accountant include morally positive traits such as honesty, fairness, equality, dignity, diversity. Each person develops many of the traits at home, and it shapes with individuals history, ethnic background, and culture. It is importatnt to see that each person has different sets of values that make him or her who they are; however, each of them also devides with the way he or she adhere to the moral rules, or think about rules as means that provides the best…