Macroeconomics

Aug 10th, 2013
HelloWorld
Category:
Other
Price: $10 USD

Question description

Special Topic: The crisis of 2008- I was needing help with the following questions.  Answered as questions and not in essay format. 

Critical Analysis

1) Why did housing prices rise rapidly during 2002-2005?  Why did the mortgage default rate increase so sharply during 2006 and 2007 even before the 2008-2009 recession began? 

2) What happened to the credit standards (e.g. minimum down payment, mortgage loan relative to the value of the house, and creditworthiness of the borrower) between 1995 and 2005?  Why did the credit standards change?  How did this influence the housing price bubble and later the default and foreclosure rates? 

4) When did mortgage default and housing foreclosure rates begin to rise rapidly?  When did the economy go into recession?  Was there a causal relationship between the two?  Discuss.

6) Some charge that the Crisis of 2008 was caused by the “greed” of Wall Street firms
and other bankers.  Do you agree with this view?  Do you think there was more greed on Wall Street in the first five years of this century than during the 1980’s and 1990’s?  Why or why not?


 

 



 

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UCLA
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
Five Star Tutor
Dec 6th, 2016
" Outstanding Job!!!! "
kpcutie
Nov 22nd, 2016
" Excellent job "
Joemoe
Nov 13th, 2016
" <3 it, thanks for saving me time. "
Hemapathy
Nov 9th, 2016
" all I can say is wow very fast work, great work thanks "
pmallory
Oct 31st, 2016
" Totally impressed with results!! :-) "
kevin12622
Oct 17th, 2016
" Goes above and beyond expectations ! "
kiln82
Oct 8th, 2016
" awesome work thanks "
likeplum4
Sep 25th, 2016
" Excellent work as usual "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1827 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors