In the US as per the center for public integrity Countrywide financial

In the us as per the center for public integrity

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a greater risk than prime debtors offered on conventional loans. In the U.S, as per the center for public integrity, Countrywide financial corporation was the largest subprime was the largest subprime lender with high interest loans of approximately $ 97.2 billion. 13 . Who was the Federal Reserve Chairman in the 2000 s? Who is the current chair and who is about the replace him ? The federal reserve Chairman in the 2000s was Allan Greenspan. The current chairman is Jerome Powell. His replacement is yet to be known as he or she will be selected by the congress. 14 . In 2004, did the SEC vote to allow investment banks more or less leverage? Is this good or bad, why ? SEC vote in 2004 allowed investment banks more leverage. This is a bad thing. The rule change by the SEC in 2004 allowed broker dealers to greatly increase their leverage, contributing to the financial crisis. 15 . What is a CDO ? A collateralized debt obligation (CDO) is a complex structured finance product that is backed by a pool of loans and other assets and sold to institutional investors. 16 . What is the highest possible credit rating ? The highest credit score you can achieve ( under perfect circumstances) is 850 using the FICO model.
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17 . Who took over AIG ? Fortress investment group, guidelines are given above. 18 . What is tent city ? Tent city is a temporary housing facility made using tents or other temporary structures. Informal tent cities may be set up without authorization by homeless people or protesters. As well, state governments or military organizations set up tent cities to house refugees, evacuees, or soldiers. 19 . What issues are brought up by members of Harvard s faculty ?
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  • Winter '13
  • CedricHowie
  • Subprime mortgage crisis, Collateralized debt obligation, JPMorgan Chase

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