write a review on subprime mortgage crisis
$10-30 USD
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The subprime financial crisis of 2007-2009 was a major event that in a sense destroyed the US and global financial system, and caused many bankruptcies. The financial crisis also spread to the real economy and caused the biggest recession of the post-WWII ear. Alan Greenspan, a fervent free marketer and in fact once a student of Ayn Rand, was the chairman of the Federal Reserve between 1987 to 2006, in the period before the financial crisis. We learned in the first part of our class that economic system is an important part of formal institutions in a country.
Below you will find a link to a transcript of Alan Greenspan's interview with the NPR in 2008 and excerpts from his testimony in front of the Congress, where he states his belief in free market ideology and lack of regulation was flawed.
link: [login to view URL] (Links to an external site.)Links to an external site.
Task: Compose a 12 pt, single spaced, one page critical review, in which you utilize other sources from your own research as well as the link to discuss the following points:
Why is he disappointed?
What was his ideology before the crisis?
Why was he against regulation?
What is your overall opinion?
Nº del proyecto: #19821042
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