Subprime lending

Over the last five years Venezuela’s economy has been decaying pretty badly. Most of the decline has come from government spending. Venezuela’s economy is dependent on how the oil revenues are now and what ends up happen with that is going to be what ends up happening with the economy in Venezuela. Around 95 percent of the export earnings come from the oil revenue. Since last reported in 2014 there has been widespread shortages with consumer goods, and there are issues with the central bank of…

The ten-year period of history between 1950 and today that I am going to research for my final project is the 2000’s. This period of history interests me because so many things took place from 2000 to 2010. I was very young during this time period, and I remember hearing my parents talking a lot about what was going on during this time. It makes me want to go back and do the research myself to see what happened and what they were talking about. Some major economic events that took place during…

Buying Your First Home? 7 Questions to Ask Yourself Buying your first home is a big undertaking. You have to find a house. You have to get a mortgage. You have to go through the closing process. You have to move from where your currently living. And every step involves making big decisions and big changes. Before you go running out to every open house in your area, you should step back and think about what you need out of a home. Thinking first will save time, and money, in the long run. Seven…

more affirm in California, Dubai and part of the US northeast. Investors start to lose confident in the rating in the banks. Bear Sterns make a proclamation that they have great losses in two hedge funds because both of the hedge funds are expose to subprime asset in June 2007. This incident causes the client are unable to…

Development of Ghost Cities To increase GDP growth several cities in China have been constructed, which are now home to very few inhabitants and are therefore called Ghost Cities. After having constructed the city it turned out that only a few people were willing to live in the new city others stayed away or couldn’t afford an apartment. Often prices are too high for the Chinese citizens willing to live there. This inefficiency is a serious problem. A substantial part of the lower class…

about your research papers. Who here knows what caused the Great Recession?” Professor Xu asked with a smile on his face. He already knew that none of us would likely raise our hands. So began our education on the subject. First, we learned about subprime mortgages, which are mortgages for those with less than perfect credit histories, so they are considered to be higher risk. Then, he explained what a mortgage-backed security was. This was basically an investment portfolio that contained…

Dellway Investments Ltd & others v NAMA & others Introduction The appellants: DELLWAY INVESTMENTS LIMITED and Others The respondent: NATIONAL ASSET MANAGEMENT AGENCY and Others NAMA was set up to take over all the ‘bad loans’ from the banks when the financial crisis happened. The Government then put money into the banks to help them and to fix the balance sheets. McKillen took NAMA to court because NAMA took over all of the McKillen loans from the banks. McKillen said however that his loans…

Rich Dad Poor Dad was a book written by Robert Kiyosaki who changed the way of people in thinking about money, and increasing financial intelligence of an individual. When the book was released, it happened to be that Rich Dad Poor Dad became the number one finance book, and a New York Times bestseller that have been sold for over 32 million copies worldwide. Robert Kiyosaki wrote the book, Rich Dad Poor Dad together with his personal experiences in his life. The story started from having two…

“The experience of five millennia of financial innovation suggests that finance and civilization will forever be intertwined.” The closing line of a fascinating walk through history and how finance molded civilization as we know it today. William Goetzmann the author of the book: “Money Changes Everything” is currently a Professor of Finance and Management Studies at the Yale School of Management and has vast knowledge as an archaeologist as well as in art history, making William Goerzmann the…

Raghuram Rajan’s book “Fault Lines: How Hidden Fractures Still Threaten the World Economy” provides an in-depth view of the forces that brought about the worst financial and economic crisis in at least half a century and look at what can be done to prevent the next one. Rajan argues that the reasons for the crisis are more complicated than just blaming one single stakeholder (e.g., financial professionals, regulators, government officials), rather, there are serious flaws in the economy. Each…