Subprime lending

The Occupy Movement began in the fall of 2011 as a Occupy Wall Street in New York protesting against social and economic inequality in the U.S. The citizen- with the help of social led a mini revolution followed the 2007-2011 U.S. economic crisis which turned into a worldwide financial collapse. This economic meltdown was stopped after the U.S. government and other world governments bailed out their financial institutions (banks, insurance companies and mortgage firms) while millions of ordinary…

As Kanye West announced his $53 million of debt recently, people wonder how someone so famous and powerful can get into such extreme deficit. They ask how someone making so much money can still fall into such a grave economic situation. His debt is the result of excess spending and lack of enough investment and income. This is the case with the U.S. government today as it passes $19 trillion. The U.S. has recently been through war and a recession causing debt to accumulate, if the United…

For most economists, the financial crisis of 2008 was the most severe financial crisis since the Great Depression hit the United States and the world in 1929 and the early 1930s. This paper will analyze the causes that lead to the 2008 financial crisis. The paper will also explore the effects of the crisis, not only in the financial world and the economy, but also in the legislation governing financial institutions. The ethical implications that were involved in the crisis will also be studied.…

The Older Americans Act (OAA) enacted in by Congress in 1965 in response to a large range of services, such as Transportation, Meals on Wheels and other nutrition assessment, education, and counseling programs to serve older adults and their caretakers. The administration on Aging provides $719 million dollars in support to states for nutritional programs to provide at least one meal a day, which provides a third of her caloric intake and nutritional needs daily in helping older adults stay…

During the 2008 recession, a lot of industries collapsed do to the recession. The car industry was one of the many industries that collapsed during the recession. The car industry was forced to pull back the leasing deals and the other financial stimulant that led to an increase of their sale numbers for many years prior to the recession. However, the car industry is under a lot of pressure due to the record sales numbers of last year. Now the car industry faces a pivotal decision in order…

If you are a first-time homebuyer and a veteran, the VA allows you to obtain a mortgage for new construction. However, many veterans are unaware that the VA does not provide the actual loan. Instead, the VA insures the loan with banks and mortgage lenders in the event you default on your mortgage. Therefore, you must find a lender who is willing to approve you for a construction loan. A Closer Look at VA Construction Loans The Department of Veterans Affairs states you can use a VA-backed…

Capital Markets provide a marketplace where debt and equity transactions can take place. These transactions are what fuel economic growth in every economy. Since the capital markets are such an important part of the global economy, they must be subject to certain regulations and standards. The amount of exposure the global economy has to capital markets makes some regulation and oversight necessary. Retail investors lean upon the capital markets and do not always have the ability or flexibility…

In the article, “ The Largest Predatory Lender in America” by Kevin Cochrane makes valid arguments against our government itself and reason for increased student debt. The title itself explains the overall concept of the article and is ironic because The U.S acts like a “predator” looking for their next victim and preferably which are low income minority borrowers. An organization that targets a certain population would typically be investigated under the government but in this case it’s our…

It’s 2008 and the world is in a financial pickle. A tremendous crisis is occurring and the repair is unknown; this was one of the most despicable recessions since the Great Depression that occurred in 1929. The causes of the Great Depression was the stock market crashed, issues in the farm sector because of overproduction, banks going out of business because loans were distributed and never was reimbursed , volatile economy, facile credit given to anyone, real estate ruptured, and unemployment.…

The Great Recession began in December of 2007 and ended in June of 2009. The trigger of the Great Recession was caused by financial panic causing the demand for consumption and new houses to collapse. A recession is a reduction in the amount of goods and services produced and sold. Usually a recession is a slow down in economic activity. The largest component of U.S. demand is household consumption. Since the American’s borrowed money it caused extreme debt. Americans were content to borrow more…