Causes
This type of mortgage played a significant role in the crisis
What is subprime mortgages
What is the main consequence of people who had very big subprime mortgages
What is loss of home
This Government had to step up to help stop the crisis
What is the Government of the United States
The financial crisis originated in this country
What is the United States
This type of financial instrument commonly came to be called "Toxic Assets"
What is mortgage-backed securities
the number of people who lost their jobs during the crisis
what is 2 million people
The act signed by Obama in 2010
What is the Dodd-Frank Act
This is the year that the financial crisis began
What is 2007
What is an adjustable mortgage rate
What is delinquency rates
The legislature of the federal government of the United States that helped the government
What is the Congress
The famous name of the street that went bust during this period
What is Wall Street
a loan extended to a borrower who may have no ability to repay the loan
What is a ninja loan
Which term refers to the sharp decrease in the overall economic activity
Economic Recession
The step followed by seeking help from the Congress
What is the Paulson Proposal
What is Greece
This investment bank collapsed due to subprime mortgage losses
What is Lehman Brothers
The term that describes the period of economic decline following the bursting of the housing bubble in the late 2000s
What is The Great Recession
The final stage of the response to the crisis
What is the Bailout Statue
This movie was created off the inspiration of the 2007-08 financial crisis
What is The Big Short