Causes Of 2008 Financial Crisis Imprudent Mortgage Lending

Causes of 2008 financial crisis: Imprudent mortgage lending In this essay, imprudent mortgage lending is considered as a main factor, which caused the 2008 financial crisis. It mainly discusses the cause of imprudent mortgage lending and regular changes. And at last, there are some suggestions proposed for mortgage lending’s future development. A famous global bank called Lehman Brothers nearly knocked down the international financial system in September 2008. It was an unexpected collapse, which also took huge taxpayers’ money away. It became an enormous disaster for all over the world. Banks always do imprudent mortgage lending with low interest rates and low lending standards. For example, banks gave loans to poor credit histories’ subprime borrowers and struggled to repay them who were doled out loans. In addition to this, banks extended the loan without investigation of lenders’ credits. Banks always did irresponsible loans and evaluations to lenders. It leaded to people were able to buy houses they could not afford. Due to banks’ behaviours, there was a serious irresponsible mortgage lending phenomenon in America. And then mortgage market was always under a high price situation. It had been lasted for a long period, suddenly, when mortgage’s prices started to fall and loans started g oing bad, there was a serious shock to the financial system. In the big banks, the risky mortgage was transmitted to financial engineers, who turned risky mortgage into possibly low-riskShow MoreRelatedCase Study : Corporate Responsibilty And Regulation956 Words   |  4 PagesResponsibilty Regulation Cause of 2008 Financial Crisis The financial crisis of 2008 occurred in early 2006 when the mortgage market showed apparent increasing rates of default. Due to these defaults, in 2006 there was a decline in US housing prices after years of exceptional growth. US citizens slowly watched their primary source of wealth deflate into barely anything. By 2007, the prime mortgage rates had higher default rates. Unfortunately Collateralized Mortgage Obligations, allowed this issueRead MoreWhat Were The Main Cause Of The Crisis?815 Words   |  4 PagesWhat were the main causes of the crisis? In the United States in 2007-2008, was not caused by a single but a sequence of crisis that rippled through the financial system and the economy. In the financial system there was a contagion spread due to imprudent mortgage lending and subprime loans were disbursed; at the same time, during the house bubble and this cause vulnerability to the financial systems. The Federal Reserve allowed the housing bubble to occur and this promoted low interest ratesRead MoreWhite Collar Crime Report : Red Collar Crimes1585 Words   |  7 Pagesbut it is also a decade of widespread corporate criminality. The number of activities that involved acts committed through deceits and motivated by financial gain has increased considerably. Terms such as â€Å"Corporate Crime† or â€Å"White Collar Crime† are used to describe a variety of these activities. In 2008, the U.S. economy faced its most dangerous crisis since the great depression in the 1930’s. The contagion, which began in 2007 when inflated home prices deceivably turned downward, spread quicklyRead MoreU.s. Subprime Mortgage Crisis1702 Words   |  7 PagesThe U.S. subprime mortgage crisis was a catastrophe affecting both real and financial sectors of the global economy. It was estimated that 2.5 million borrowers had lost their homes due to foreclosures from 2007 to 2009 and whilst another 5.7 million homeowners were at pending risk of foreclosure in the aftermath of the crisis (Williams, 2012). The failures and bailed out of large banking and financial institutions in the US, the UK, Europe and others such as Bear Sterns, Lehman Brothers, NorthernRead MoreThe Note On The Banking Crisis1254 Words   |  6 PagesThe Banking Crisis The Banking Crisis, 2010 Although there are multiple opinions on the causes of the banking crisis, there is one thing on which there is general agreement. If banking were still practiced as it was by George Bailey in the movie It s a Wonderful Life, the crisis would not have happened. To understand why the crisis occurred, it is useful to understand the chain of events that contributed to it and the role each played. This chain transformed the slightly stodgy, conservative banksRead MoreThe Global Financial Crisis: Can Islamic Finance Help Minimize the Severity and Frequency of Such a Crisis in the Future?9902 Words   |  40 PagesOctober 21, 2008 THE GLOBAL FINANCIAL CRISIS: CAN ISLAMIC FINANCE HELP MINIMIZE THE SEVERITY AND FREQUENCY OF SUCH A CRISIS IN THE FUTURE? by M. Umer Chapra* (A paper prepared for presentation at the Forum on the Global Financial Crisis to be held at the Islamic Development Bank on 25 October 2008) ___________________ * The author is Research Adviser at the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB). This paper is a revised and updated versionRead MoreFinancial Crisis : The Financial System1304 Words   |  6 Pages2007 - 2009 financial crisis was the worst financial and economic crisis since the 1929 stock market collapse leading to the Great Depression, hence it has been dubbed the Great recession. This disruption in the economy due to the lost confidence in the financial institutions undermined the stability of the financial system and led to the loss of jobs and trillions of dollars in wealth and savings for entities within the economy. The gravity of the U.S crisis influenced the global financial system leadingRead MoreGlobal Financial Crisis: Causes and Effect4067 Words   |  17 PagesIntroduction The financial crisis that began in 2007 spread and gathered intensity in 2008, despite the efforts of central banks and regulators to restore calm. By early 2009, the financial system and the global economy appeared to be locked in a descending spiral, and the primary focus of policy became the prevention of a prolonged downturn on the order of the Great Depression. The volume and variety of negative financial news, and the seeming impotence of policy responses, has raised newRead MoreSub-Prime Mortgage Crisis - What Caused It ? How Can Us Recover from It?2282 Words   |  10 PagesSub-Prime Mortgage Crisis - What Caused It ? How Can US Recover From It? The recent financial crisis in the U.S. that spread to other countries and caused massive turndown in the global economy had its roots in the recent waves of globalisation. Since the developed countries’ production had shifted dramatically towards services, specially to financial services, and this in turn led to financial liberalizations, developed countries experienced massive capital inflows, lending booms, housing andRead MoreRole Of The Dodd Frank Act Essay2245 Words   |  9 Pagesfrom the 2008 financial crisis has many aspects. The regulatory and compliance component of the law helped to contribute to the slow economic recovery by adversely affecting the banking industry’s ability to provide credit specifically the community banks, ability to provide enough credit to the small business and start-up companies. The purpose of this paper is to show the role the Dodd Frank Wall Street Reform and Consumer Protection Act played in a slow economic recovery after the 2 008 financial

Wolf Lichen Free Essays

Poisonous but also a healer. It is very abundant in Idaho but very scarce and hard to find in Scandinavia. Wolf Lichen is the name of this mysterious plant. We will write a custom essay sample on Wolf Lichen or any similar topic only for you Order Now It is one of many different types of lichen found in nature and varies in ways such as habitat, use, and appearance. Lichen is a slow-growing plant genus that is usually structured in a spindle or leaf like shape. Lichen is made up of two components; fungi and algae. (Hollering, J. 014) The Fungal aspect is present in that it contains Chitin in their cell walls, they produce hyphen, spore producing, it is multicultural, and that they deed on dead trees/plants . The algal component means they are eukaryote, are able to photosynthesis, and they have specialized tissues. (Thomas-Sucker, J. 2012) In Wolf Lichen and dead/dying trees form by symbiotic relationships. Symbiosis describes a close interaction between two organisms that benefits/harm at least one of the organisms. Sometimes symbiotic relationships can be beneficial, but can be sometimes harmful. This symbiotic relationship is beneficial to one another, because if we did not have dead or dying plants we could never have Wolf Lichen(Hollering,J. 2014). Wolf Lichen also produces its own food in order for it to survive. To do so, it goes through photosynthetic processes. Photosynthesis starts with trapping the sun’s energy in the form of sugar. Then the Wolf Lichen stores the resulting sugar in cells to form glucose for quick growth. Photosynthesis represents the beauty of the chemical process that takes six water molecules from the roots and six carbon dioxide molecules from the air and creates one sugar molecule. If there was no such thing as photosynthesis there would be no life on earth as we know it. (aesthetic, J. , Comma, C. 014) Lichen are categorized into three different kingdoms, which are Kingdom Fungi, Kingdom Protests, and Kingdom Moaner. One interesting fact about Wolf Lichen is they are able to shut down their metabolism during times when nutrition is scarce and also in freezing weather. Wolf Lichen typically grows less than a millimeter per year. There are a total of 287 different types of species of lichen of 68 genres, and a total of 8 different varieties in Idaho . According to recent research conducted by Dustin Shown, John Areola, and Braided Irishman on the Ph of lichen; Wolf Lichen, along with other lichen have a mean of approximately 4. 1 on the Ph scale. This means that Wolf Lichen have an acidic compound (See figure 1 at presentation). (Thomas-Sucker, J. 2012) Wolf Lichen is also named Lethargy. There are two types of Lethargy (L. ) that are not easily noticeable; L. vulpine and L. Columbian. These two species are very similar in many ways but also very different. L. vulpine is asexual and reproduces with sorehead, while L. Alumina is sexual and does not reproduce with sorehead. L. vulpine is the only lichen that is poisonous. (Hollering,J. 2014) Sorehead is a reproductive structure for lichens. Lichens can reproduce asexually and sexually. Sorehead is a powdery substance composed of fungal hyphen that wraps around contractible. Fungal hyphen make up the basic body structure of lichen. (Conrad,J. 2005) As Wolf Lichen can grow to the size of 1 CM. But can be as large as 12 CM. The branches are round and wrinkled when in very dry conditions. The color ranges from a light yellow-green to a dull yellow. It will not grow in freezing temperatures. However; frost does not kill it, it Just stops growing. Once the weather is warmer the lichen will start growing and reproducing. Wolf Lichen is extremely sensitive to air pollution and will not grow in polluted areas. Wolf Lichen grows on dead trees and stumps. It grows more often on sunny sides of trees and rocks. It does not usually grow in coastal rain forests. (Conrad, J. 2005) In the past people have poisoned wolves and other animals with Wolf Lichen. Since the lichen is poisonous, it allowed the Coachman people in Northern California to use poison arrow heads. Farmers in the past used pieces of meat, crushed glass, and inserted Wolf Lichen to poison the wolves and other animals that would bother their crops. (aesthetic, J. , Comma, C. 2014) The lichen has vulpine acid in it which stops the respiratory systems of the animals. The glass is used to damage the intestines of the animals, so that the toxin could attack the body and kill the animals. Wolf Lichen is very poisonous, which made people have to use a mask so they wouldn’t harm themselves. (ABA, N. 2011) Wolf Lichen was used as a yellow dye. This dye was used for coloring baskets. Wolf Lichen was also used for medicine. Lichen was used to wash out wounds and cuts, curing their injuries. (Conrad, J. 2005) Statistics show that fifty percent of all lichen are known as an antibiotic. In the United States they used lichen for mouth, stomach, intestines, anus, vagina, nose, ear, and skin pain. While in Finland it was used for treating skin eruptions, skin wounds, and athlete’s foot. (Hollering, J. 2014) In Scandinavia, Wolf Lichen is a rare species and are red-listed, which means that they are in danger of becoming extinct. Wolf lichen used to be abundant in an area of Scandinavia called GarГenslaved, but after the years had passed, Wolf Lichen became scarce and harder to find. The Wolf Lichen was exploited and ruined, so trying to protect GarГenslaved against people who destroyed Wolf Lichen is one thing we can do to hopefully save the Wolf Lichen. Also Wolf Lichen is the most photographed lichen in GarГenslaved. The species are also located around Europe and all the way to North America. (ABA, N. 2011) Although Wolf lichen is scarce in Scandinavia it is very abundant in Idaho. Wolf Lichen is found on most of the trees that are dying or already dead. Wolf Lichen is an indicator that helps people tell if trees or other plants are dead or dying. It can be found all over the town of McCall, Idaho, which is right next to Ponderosa State Park. Wolf Lichen helps the state park by letting them know what trees to cut down or to watch out for so it does not cause any damage to the people visiting or damage to the ecosystem. (Shoehorn, S. 001) Wolf Lichen is mostly found on twigs and stumps of most trees or plants. There are, however, lichen that is found on tree bark,and also houses and fence posts. It sometimes begins on rocks. It usually grows in a thick, solid cover, around and on dead trees and limbs. It is more abundant in numerous habitats where sunlight is more commonly found. (Turner Kindle, 1998) Overall, Wolf Lichen is a special type of lichen, not only is it poisonous and a healer, but it is the only type of lichen that contains poison. It is also categorized into three different types of Kingdoms which differentiates from all other lichens. Wolf Lichen has many uses. The way people used to use it is very different from how we use it today. How to cite Wolf Lichen, Papers

Week One Disscusion Cuestion free essay sample

There are many issues in the news today to which can apply the scientific method. How could you use an issue from the headlines to learn more about scientific method? The scientific method: is a tool that helps scientist-and the rest of us solve problems and determine answers to questions in a logical format. It provides step-by-step general directions to help us work through problems. If u use five steps to the scientific method: identify the problem, research a problem, formulate a hypothesis, conduct an experiment, reach a conclusion u will learn more about scientific method. What event in the headlines could be used for discovery science? Explain. Climate change endangers common species. A wide variety of plants and animals are likely to become much less common if something isn’t done to avert the worst effects of a warming climate. Under a ‘’business as usual’’ scenario, where greenhouse gas emission aren’t significantly reduced, about 50% of plants and one-third of animals are likely to vanish from half of the places. We will write a custom essay sample on Week One Disscusion Cuestion or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 3. Explain how an understanding of basic chemistry might help scientist cure several diseases in the future. Can u identify any areas where understanding body chemistry is a hot topic of discussion today? Explain your answer. Well, what is boil down to is that everything is constructed of atoms, which are bound together in structures called molecules. Chemistry is the study of constructions of and interaction between these structures. Therefore, if you understand the chemical structure of a critical part of a disease causing organism you have taken major step in funding a cure. Body chemistry is a hot topic in Health. Balancing body chemistry and hormones trough diet, lifestyle and nutritional supplementation. This was obviously a hot topic and as a result it race lots of questions about who needs to get lab test done, which lab test to do, where to get them, and how to interpret the tests once you get them back. 4. Select at least two cell structures. What hypothesis could you form to explain what would happen to the cell or the organism if each cell structure were damaged or destroyed? My first cell structure is the mitochondria. In the mitochondria is here Acetyl Co-A, a break down of glucose, is put through the Krebs cycle and produces ATP through the electronic transport process. If this process was to be stopped or effected in some way we would die almost instantly. For example Cyanide interrupts the electronic transport stage that occurs in the mitochondria and is why poison is effective to death. My hypothesis for a damaged mitochondria would be: Without a fully functioning mitochondria an organism would die without minutes due to lack of energy in a single cell to create further process. My second cell structure is the ribosome they make protein from amino acids. In the ribosome amino acids along with RNA from DNA, are combined creating a peptide chain, protein is needed in the body for hormones, enzymes, nerves, tissues, bones, and antibodies. A damaged ribosome could create incomplete proteins or none at all. More or less without ribosome body will not function properly and incomplete proteins mine as well be no protein at all. My hypothesis for a damaged ribosome would be: without a fully functioning ribosome and organisms would age at a much faster rate with many degenerative disease. What energy systems are responsible for living organisms acquire energy and transform energy into other forms? Organisms need energy to survive. Some organisms are capable of absorbing energy from sunlight and using it to produce sugar and other organic compounds such as lipids and proteins. The sugars are then used to provide energy for the organisms. The process, called photosynthesis, is used by plants and some protists, bacteria, and blue-green algae.

Medea Summary Essays - Women And Death, Argonauts, Operas, Medea

Medea: Summary Title of Work: Medea Country/Culture: Greek Literary Period: Classical Type of Literature (genre): Drama/Tragedy Author: Euripides Authorial information: Euripides was born in 484 BC and took up drama at the young age of 25. At most drama competitions, however his plays came in last place until he was about 45 or 50 years old. In his entire life, he wrote 92 plays of which only five received first place awards at competition. . Euripides despised women. He had been married twice to unfaithful women and had three sons. This hate of women is shown in his work of Medea. Author's unique style: Euripides' characterization of women is considered unique in the play Medea because the tragic Hero/ine - in this case Jason and Medea in each one's own sense - is done over by a woman after cheating on her with the princess of the King of Corinth. He places emphasis on human emotions and individual psychology in order to help the reader produce a clear picture of the characters. Medea features strong dramatic situations and a stirring part for the heroine, whose attitude of feminine pride and tradition is still popular in today's world. Setting: The entire play takes place on the island of Corinth in present day Greece. Individual places such as Medea/Jason's home, and the palace of the king and princess are also spoken of and used in the play. It has an ancient Greek setting as well. Theme: "What goes around comes around." The theme of revenge in the sense of Medea's strong desire to seek revenge on Jason. Another possible theme of Medea may be that at times a punishment of revenge should justify the crime - no matter how severe. Only a person in such a situation (and greater beings) may know what to action to take in this position. Characters: Medea - The strong willed woman who would do anything for her husband is victimized by him and turns deadly. After going to a great extent to help Jason - killing people to be with him and married to him - he turns around and marries a younger princess and leaves Medea and their two children with nothing. This deeply angers Medea - her tragic flaw appears to be an over excessive sense of revenge - who goes absolutely berserk and kills the princess and her children to get back at Jason for leaving her. She is very decisive and intelligent and had thought through her actions against Jason before carrying them out. Jason - The Husband of Medea who leaves her for another woman - the King of Corinth's daughter - claiming it would be better for both Medea and their children if he "got in good with the king". Jason obviously is not caring about his wife who actually killed to be with him. He does however still love his children. His flaw of apathy or the fact that he is not perseverant causes his downfall when Medea has his wife (the princess) murdered as well as his children. This causes Jason to be extremely disturbed - but it is deserved. King Aegeus - The present King of Athens who is very sympathetic. He is friends with Medea and understands her problem. He tells her that she may come to Athens and seek refuge if she pleases. He has no children and asks if she will "provide him with some". In this sense, he is a jolly fellow who assists friends in time of need. He also provides Medea with a place to go and be protected after she goes on her killing rampage. Nurse - The Nurse plays a somewhat minor role and yet influences the story of Medea. She is employed by Medea to look after the children but the Nurse also gossips and provides advice and assistance to Medea. She provides the audience with background information on the play and puts pieces together of the "big picture." The Nurse begs Medea to not do anything rash because of Jason but says that she knows Medea will so that foreshadows the though of tragedy in the play. She also sympathizes Medea but as soon as Medea is not looking, the Nurse criticizes her as being somewhat over reactive. King Creon - King Creon finds disfavor on Medea for many reasons. Most of all he believes she may decide to kill his daughter out of spite. Quotes: ? "O God, do you hear it, this persecution, these my sufferings from this hateful woman, this monster, murderess of children? Still what I can do that I will do: I will lament and cry upon heaven, calling the