The Current Banking Crisis and the Role of

The Current Banking Crisis and the Role of - Click to edit...

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10/17/10 Click to edit Master subtitle style AFTER THE FALL The Current Banking Crisis and the Role of the Federal Government
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10/17/10 2009: Fed Accounts for 1/3 U.S. GDP U.S. GDP around $15 Trillion Federal Bailouts near $5 Trillion
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10/17/10 What In The World Happened?? Bad Policies Negligence Deregulation of the Market Maybe We Got “FAT, DUMB, AND HAPPY”? We ALL got it Wrong!!!
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10/17/10 The Bubble Effect 1990-2007 – Credit Market increases from $2.3T to $12.9T. American Mortgage Debt Doubles from ‘01 to’07 93% of all Mortgages in ‘06 are Adjustable Rate Mortgages Median Home Price doubles as Median Household Income drops 2% in the same period. 2006 – Chickens Come Home to Roost.
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10/17/10 Once The Bubble Popped… ‘07 - Bear Stern Hedge Funds Fail. Credit Markets Freeze. Feds Lower Interest Rates. U.S./Global Economy enter Recession. ’08 - $150B Stimulus in Tax Rebates.
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This note was uploaded on 10/16/2010 for the course B&E BADM 613 taught by Professor Dawley during the Spring '10 term at WVU.

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