Subprime lending

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    Bear Stearns Case Summary

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    he problem Bear Stearns under the auspices of two hedge funds through its subsidiary, Bear Stearns Asset Management. The main fund, the structural fund high-quality credit strategies, and consists of a complex Derivatives backed by mortgages. During most of his life was very profitable but also The housing market began to stutter in late 2006 suffered returns. It has been collected in this fund 35 His times the money invested. With the deterioration of the proceeds of the two funds market sank.…

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    “The collapse of the United State economy in the 1930s forced government to enact a housing program – part of President Franklin Roosevelt’s New Deal program”. (Macionis, p. 325, 2013) The New Deal program allowed public housing policies; which provides financial grant to homeowners and builders. Originally conceiving this ideas seems to be a good answer for urban housing problematic but this plan didn’t flourish with serious inadequacy. More than a decade ago, there were a flood of…

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    What Is AIG Ethical?

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    The Company AIG was a company that had risen to the top through unethical procedures and acts. The company became a big financial giant in the insurance industry and later added the subprime mortgages to its portfolio that increased its profits into the billions. The company cut corners by aggressively lobbying for laws and rulings that would go in their favor (Thorne, Ferrell, & Ferrell, 2011). They came under investigation by the SEC because they thought they were reporting profits wrong.…

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    The instability of the U.S. housing market in recent years has been the cause for much anxiety. After the subprime mortgage crisis in 2008, obtaining mortgages became more difficult, as laws were put in place in an attempt to prevent another housing crash. The disastrous effects of the crash complicated the matter of mortgages greatly. To alleviate some of the difficulties of obtaining and refinancing a home mortgages, Quicken Loans has developed a new system called Rocket Mortgage, that…

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    The Housing Market

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    Washington Post wrote an article about some of the contributing factors which enable buyers to obtain loans they did not qualify for, as well as qualifying for the new loans that were created to ensure the approval of the loan. Sheree R. Curry said, “Subprime loans were only part of what led to the housing market crash. Here are several contributing factors and the changes they spurred in the mortgage industry; such as, low-documentation loans, adjustable-rate mortgages, equity line of credit,…

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    Home depot was drastically affected by the housing market crash and their numbers showed it; a few things can explain their numbers such as operating leverage, margin of safety, and cost behavior (Edmunds, Tsay, & Olds, 2011). The company announced that they suffered a 3% percent decrease in revenue in the first half of 2007 compared to the same time -frame in 2006; in addition to the 3% decreases in revenue they also suffered a 21% decline in profits. The 3% decline in revenue contributed to…

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    The 2008 Financial Crisis in America was reported to be the worst economic disaster since the Great Depression in 1930’s. Signs of economic failure occurred in 2006, where the housing prices started to fall (Amadeo). The first institution to fail was the Countrywide Financial crop in January 2008. The next victim of this financial crisis was the Wall Street Investment House Bear Sterns during March. However, it was later rescued by JPMorgan Chace, which they dealt to buy it for a bargain price…

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    September 2008, serval financial institutions began to hit the peak of a financial crisis. The American dream, as we knew it, was becoming the American nightmare. The banks responsibility to lend to the public had stopped operating several types of lending activities. College education, home values, retirement funds and life savings were all at risk. The auto industry’s sales began to drop rapidly causing a widespread of job losses. Consumers and business were all beginning to face financial…

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    unemployment Technology stocks and mortgage loans contributed in the in economic bubbles. This so called “economic bubbles” occur when prices for stocks or securities rise above their actual values. The subprime bubble of 2006-2007 ended when borrowers were not able to continue paying subprime mortgage loans, loans to borrowers, who did not qualify with mainstream lenders. This resulted in a wave of foreclosures, with banks repossessing and selling homes in which buyers could not meet their…

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    Geithner and Bernanke amid the Global Financial Crisis details the negative effects of the 2008 financial crisis and how The Federal Reserve and the Federal government took action in order to prevent further domestic economic turmoil and strife. Between the years of 2007- 2008 the United States fell into an economic recession which almost caused the entire financial institution to crumble down. It was the worst economic disaster since the Great Depression. The negative effects were present both…

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