Posts Tagged ‘cdo’

America’s Financial Crisis

The United States is facing the greatest financial crisis since the Great Depression. Financial institutions are failing, as is confidence in the financial system. U.S. Federal Reserve Chairman Ben Bernanke and U.S. Treasury Secretary Henry Paulson have testified that Congress must act immediately to bail out troubled financial institutions, or we could face a financial [...]

September 30th, 2008 - By Joetta Forsyth, PhD, Assistant Professor of Finance


Why Did Subprime Loans Become Such a Big Deal?

Intelligent people, including my wife, have been asking me questions about the subprime mortgage crisis. The point that seems to stump them is why a relatively small percentage of subprime mortgage defaults has led to a spiraling national credit crisis, how it happened, and where do we go from here. They were good questions, and [...]

May 5th, 2008 - By Abraham Park, PhD, Practitioner Faculty of Finance