FINANCE 560 – Discuss the reasons underlying the global financial crisis
January 7th, 2018
Discussion Topic: Discuss the reasons underlying the global financial crisis that started in 2007. In particular, what was the role of mortgage backed securities in precipitating this crisis?Readings:Appendix to Chapter 1The Credit Crunch of 2007-08: A discussion of the background, market reactions and policy responses (FRB – St. Louis)Videos:House of Cards: America’s Mortgage Meltdown :http://mtrproxy.mnpals.net/login?url=http://fod.infobase.com/PortalPlaylists.aspx?wID=103912&xtid=40551Mortgage Meltdown: A Primer on America’s Subprime Crisis:http://mtrproxy.mnpals.net/login?url=http://fod.infobase.com/PortalPlaylists.aspx?wID=103912&xtid=39708