The document discusses various factors that contributed to the 2008 financial crisis, including:
- Congress pushing homeownership too aggressively
- The Fed keeping interest rates too low
- Predatory lenders taking advantage of unqualified home buyers
- Home buyers taking on mortgages they couldn't afford
- Lax banking regulations under the White House
- Finance executives selling risky products for profit without understanding the risks
- Rating agencies underestimating the risks of mortgage-backed securities
18. Making MBS Source: The website of the Wall Street Journal , http://online.wsj.com/public/resources/documents/info-flash07.html?project=normaSubprime0712&h=530&w=980&hasAd=1&settings=normaSubprime0712
19. Making MBS Source: The website of the Wall Street Journal , http://online.wsj.com/public/resources/documents/info-flash07.html?project=normaSubprime0712&h=530&w=980&hasAd=1&settings=normaSubprime0712
20. Making MBS Source: The website of the Wall Street Journal , http://online.wsj.com/public/resources/documents/info-flash07.html?project=normaSubprime0712&h=530&w=980&hasAd=1&settings=normaSubprime0712
Good evening everyone, today our group would like to share some of our studies and opinions about the subprime mortgage crisis. We are Allen, Dandan, me, and Wendy. Before getting start, I would like to thank professor gave us a chance to learn and understand this one-in-lifetime crisis. And I would love to honor all of my teammates who have been working hard and sacrificing their leisure time for today final presentation.