Video Overview
The stock bubble bursts is mainly attributed to this type of bank in which promoted fraudulent internet companies
Investment banks
These two companies played a significant role in the financial crisis but ultimately played to congress's favor
Fannie Mae and Freddie Mac
This act exempted certain financial derivatives from regulation from entities like the SEC.
Commodity futures Modernization Act (CFMA)
An influx of people who have requested money that the "bank" needs to provide but is unable to due to too many loans being requested.
Bank Run
What are our names :)
Hannah, Gabi, Brad, Cecilia, and Canela
What year was the CFMA Act enacted?
2000
The organization in which Hank Paulson left to become Treasury Secretary
Goldman Sachs
Paulson played a huge role in deregulating the financial industry and creating an environment in which allowed for banks to...
Take on excessive risk
This a false assumption most economist's make
Humans are perfectly rational
Sweaty palms mean you're nervous, but this type of palm means you'll be getting that green
Itchy palms
CitiGroup was considered this type of bank in the 1990s
Merger Banks
The main reason causing the financial crisis is attributed to
Top Executives
This entity was exempted from regulation on financial derivatives... connected to a certain act...
The SEC
People owing through mortgages more than what a house was worth after housing prices fell is known as borrowers going...
Underwater
What is the average age of counterfeiting offenders?
33y/o
Sub-prime loans received this type of rating despite being bad loans..
AAA
He was the first African-American CEO of a Fortune 500, but quickly got cold feet when Helm went under
Frank Raines
Paulson was more interested in the interest of this corporation over the welfare of the american people
Wall St.
Period from mid-1980s to 2007 of low volatility in economy, low inflation and longest economic expansion since WWII
Great Moderation
In 2013 this company said it would shrink its store base and focus more on Nook tablets
Barnes and Noble
This act, established in the 1990s (1999), safeguards sensitive data and prevented financial institutions from grouping banking, investment and insurance services together
The Gramm-Leach- Bliley Act
The Commodity Futures Modernization Act (CFMA) was made to deregulate trading credit default swaps, however, after some fine tuning this "cheat-code" was established
The Enron Loophole
Fannie Mae, also known as the...
Federal National Mortgage Association
Pension fund for aged and unemployed; public assistance for mothers, children, and disabled; financed by a payroll tax
Social Security Act of 1935
Who was Jordan Belfort's cellmate in prison?
Tommy Chong