Studybay uses cookies to ensure that we give you the best experience on our website. By continuing to use Studybay you accept our use of cookies view more on our Cookie Policy
How can I earn money with StudyBay Top writers
Order Assignment
This order has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 professional writers. Hire your writer directly, without overpaying for agencies and affiliates! Check price for your assignment
18 total offers received. Writer hired: Nashon

Discussion 2 Economic

Economics 2301 Discussion Board- Unit 4 The Financial Crisis: Who is to Blame? "That's Where the Money Is" I can't remember how many times I have heard this story used at the beginning of a banking/finance conference that I was attending, but it does provide a good introduction. In the 1930s, Willie Sutton became a fairly notorious bank robber. The press added to his reputation with the suggestion that he was the "Robin Hood" of the Great Depression as he (supposedly) would share the "take" with the poor. Apparently, Willie didn't share much of anything, especially the loot. After being apprehended and convicted, he spent most of his adult life in jail. Near the end of his life a journalist decided to write a book about his exploits and spent several months interviewing Sutton. Those interviews finally came down to one last question…"Willie, why did you rob all of those banks?" His response was simple and to the point…"that's where the money is." Willie later denied that statement and said the author made up because it sounded better than his answer which just had to do with the excitement that he felt "sticking up a bank." However accurate it was, the phrase stuck. Every time we get into a financial crisis in this country, it almost always involves our commercial banking system in some way. It is true- that's where the money is. We have suffered through many difficult financial times. One of the most difficult was in the late 1980s when our financial system almost collapsed because of speculative banking practices. It cost the average family in this country $20,000 in taxes to bail out the Savings and Loans and banks. Then, as now, there were different ideas on the causes but much of it had to do with our deregulation and reduced oversight of our financial service institutions. Also then, as now, a few people made a great deal of money and then left government (and the public) "holding the bag" as things began to unwind (sorry, I couldn't resist some opinion). We are still realizing the full magnitude of the current situation but it accurate to call it a crisis. I think that everyone agrees that we have a significant problem and that our financial system was very near a complete collapse in late 2008. I am going to ask you to review the information that I am including, as well as any information that you want to add. I would ask that you respond specifically to the following questions. Much of this does require your opinion-- hopefully, factually supported opinion. Again, it is helpful to me if you identify the question that you are responding to…As usual, include at least one reference. 1. In your own words, why did the debt problem occur? 2. Is it better for our economy to allow free market forces to govern our financial services or should there be more regulation by the Federal government and the Federal Reserve? 3. Should consumers be more protected by better laws or should the idea of "consumer beware" apply in these markets? Has unfair, predatory lending been taking place at the expense of the borrower? 4. Should government help the large banks and brokerage firms and "bail them out" of these bad loans? 5. How much help should be given to borrowers who are in trouble with their mortgages? 6. Does the Federal Reserve have too much power? Did they overstep their authority in the ways that they have dealt with the problem? 7. What is your opinion of “moral hazard” concerns? 8. What “safeguards” have been put in place since the 2008 crisis? Should they be relaxed, today? Here are several sources—some satirical…some serious. The first, with Bill Moyers was done near the time of the crisis but is still very timely. http://www.calculatedriskblog.com/2009/04/bill-moyers-journal-william-black.html http://www.pbs.org/newshour/indepth_coverage/business/moralhazard/ A British satire on the financial meltdown with respect to moral hazard 8:50 minutes http://www.youtube.com/watch?v=WzPij_Ty2aU The Crisis of Credit part 1 and 2: 11:05 minutes http://www.youtube.com/watch?v=Q0zEXdDO5JU , http://www.youtube.com/watch?v=iYhDkZjKBEw&feature=relmfu A PBS frontline Special “Inside the Meltdown” (2009) how the economy went so bad, so fast and what Paulson and Bernanke didn't see, couldn't stop and haven't been able to fix (56:29 minutes). http://video.pbs.org/video/1082087546
Economics 2301 Discussion Board- Unit 4 The Financial Crisis: Who is to Blame? "That's Where the Money Is" I can't remember how many times I have heard this story used at the beginning of a banking/finance conference that I was attending, but it does provide a good introduction. In the 1930s, Willie Sutton became a fairly notorious bank robber.
Assignment ID
605623
Discipline
Type
CREATED ON
28 July 2018
COMPLETED ON
29 July 2018
Price
$30
This order has already been completed on Studybay
On Studybay you can order your academic assignment from one of our 45000 professional writers. Hire your writer directly, without overpaying for agencies and affiliates!
Check price for your Essay
Currency crisis: cause and resolution
Essay, Economics
Price 30 $
The benefits of public housing in singapore
Essay, Economics
Price 30 $
Innovation imperative
Essay, Economics
Price 30 $
Money and banking essay#4
Essay, Economics
Price 30 $
Nafta renegotiations
Essay, Economics
Price 30 $
Micro economics
Essay, Economics
Price 30 $
Applying economic principles to our world
Essay, Economics
Price 30 $
Currency crisis: cause and resolution
Essay, Economics
Price 30 $
Currency crisis: cause and resolution
Essay, Economics
Price 30 $
Studybay assignment progress timeline
Studybay is a freelance platform where you can order a Discussion 2 Economic paper, written from scratch by professors and tutors.
28 July 2018
User posted an order for Economics
28 July 2018
18 writers responded and offered to do the job for a price between $45 and $60
28 July 2018
User contacted writer Nashon
28 July 2018
User hired writer Nashon
29 July 2018
Writer completed order Discussion 2 Economic for 1 day, meeting the deadline
29 July 2018
User accepted the job right away and completed the payment
29 July 2018
User left a positive review
A Pestel Analysis Of Australia Economics Essay
Economics Australia is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania and numerous...
The Two Tales Of Creation That Start off Genesis Religion Essay
Religion According the creation of genesis there two testimonies that change from the other, but at the same time both of these have similarities...
Samsung Electronics' Management Style
Management Keywords: samsung management strategy, samsung change management Samsung Electronics is a Korea-based consumer electronics company. The truth...
Creative Imaging within Misleading Advertising in Military
Military ­ Review of books This chapter provides a conversation of the related principles linked to the aims and goals of the research as highlighted in...
Other assignments in this discipline
Women with (dis) abilities
Thesis, Economics
Price 140 $.
The history of light
Coursework, Economics
Price 40 $.
Influence of economics on household decision making
Coursework, Economics
Price 40 $.
Problem set 6.2 hl
Coursework, Economics
Price 40 $.
Newspaper article analysis
Article, Economics
Price 30 $.
** organizational chart solutions 24 hours deadline
Research Proposal, Economics
Price 60 $.
Discussion 6.1: oligopolies
Essay, Economics
Price 30 $.
Micro economics
Term paper, Economics
Price 30 $.
Faith and freedom
Essay, Economics
Price 30 $.
Deficit spending
Essay, Economics
Price 30 $.