Research Project on Financial Crisis

Research turn on Financial Crisis Louis Cappelli 2/18/2012 From the search I present performed so far, I have been able to keep apart the main issues that caused the pecuniary crisis in the 2000s. It seems to be that this whole crisis revolves around the major(ip) banks in America. I have been through a good amount of articles based upon the pecuniary crisis so far, with each of them stating at least(prenominal) once something about the crisis relating to the banks.As I was decision this material, I notice some opposite similarities in these resources involving the Crisis. For antecedent I noticed major names like Fannie Mae and Freddie Mac, who some(prenominal) seem to have a major involvement in loans in mortgages in America. From these sources I found the articles specifying what were the main causes of the financial crisis to be most helpful. Since I am not familiar with this subject and frugal crisis at all, the articles that were more simplified for the widely dist ributed public were the superstars I could better understand.From one article on About. com, I was given some of the major causes that of the recession involving the banks and what they did wrong. For instance I learned that in the theme the banks didnt worry about their faith and were giving out loans to people who werent qualified for them. Another thing that I took note upon over my research was the eternal mentioning of a subprime mortgage. Appargonntly one of the depression initiators of the financial crisis was the subprime mortgage crisis.These mortgages were granted to those with poor credit, but unfortunately the rate of these mortgages skyrocketed, go forth many lenders with financial difficulties resulting in bankruptcy. From the research performed and sources I thought were most received and factual, I fell as if the crisis we are dealing with is mainly in injury of the banks and loan mortgage cooperations in this country. I seems as if they messed up gargantu an time, and in result we all have to pay for their actions.