economy - What a Bad Economy Means? Professor W. Hochwarter...

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What a Bad Economy Means? Professor W. Hochwarter Management 3240 Spring 2012
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In General, Today’s Discussion Life is but a dream… Then…….
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Drip, Drip Drip… gets everyone
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All the news that fit to print…
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Couldn’t have dreamt it…
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Should have known it was coming… Temporary layoffs… Easy credit a rip-off… February 8, 1974, until August 1, 1979
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Causes in a Irrational exuberance in the housing market led many people to buy houses they couldn't afford. In 2006, the bubble burst as housing prices started to decline. This caught many homeowners off guard, who had taken loans with little money down. As they realized they would lose money by selling the house for less than their mortgage, they foreclosed. Escalating foreclosure rates panicked banks and hedge funds (secondary markets) - now realized they were facing huge losses. By August 2007, banks became afraid to lend to each other because they didn't want these toxic loans as collateral.
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Causes in a This led to the $700,000,000,000 bailout and bankruptcies or
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This note was uploaded on 03/19/2012 for the course MAN 3240 taught by Professor Staff during the Fall '12 term at Florida State College.

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economy - What a Bad Economy Means? Professor W. Hochwarter...

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