Government Protection
Business Cycle
The Stock Market
Causes of the Crisis
The Housing Bubble
100
Government institution that insures people's bank deposits
What is the Federal Deposit Insurance Corporation?
100
The current "crisis" is being called this, or a time when the economy is showing negative growth
What is a recession?
100
In this type of market, prices are rising and investors are confident
What is a bull market?
100
People who try to convince Congress to pass certain laws
What are lobbyists?
100
When someone is unable to pay a mortgage and the bank takes back his/her house
What is foreclosure?
200
Abbreviation for the agency that regulates interest rates
What is the Fed?
200
A time of very serious economic deline in the 1930s
What is the Great Depression?
200
The amount of money a person makes or loses on a stock
What is a return?
200
Businesses made foolish and selfish decisions because of this
What is corporate greed?
200
Mortgages that started with a low interest rate that sharply increased after a set amount of time
What is an adjustable-rate mortgage?
300
The current Secretary of the Treasury
Who is Timothy Geithner?
300
Describes a time when the economy is coming out of a recession
What is recovery?
300
We use this animal to describe a market where stock prices are going down
What is a bear?
300
Chairman of the Federal Reserve from 1987-2006
Who is Alan Greenspan?
300
A loan where no verification of a person's salary or bank account was required
What is a NINA loan?
400
The title of the President Obama's stimulus plan
What is the American Recovery and Reinvestment Act?
400
A time of widespread economic growth and prosperity that happens just as the business cycle peaks
What is a boom?
400
People who buy stock are called
What are investors?
400
Loans at low interest rates
What is cheap money?
400
Groups of mortgages that were sold at a profit to larger and larger banks, who were hoping to profit from the interest and increase in housing prices
What are mortgage-backed securities?
500
Government agency that regulates the stock market, particularly laws about ethics and investor protection
What is the Securities Exchange Commission?
500
A time of economic decline in te 1990s
What is the Dot-com Bust?
500
Places where stocks are bought and sold
What are stock exchanges?
500
This situation involving mortgage-backed securities was a major cause of the crisis
What is the housing bubble?
500
Investments whose value is falling; loans that won't be repaid; types of investments no one is willing to buy
What are toxic assets?
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