Fis 250
Sci100 - The Current Financial Environment
When I saw the final subject in App A was, “The current financial environment,” I knew that was going to be a very tough paper to write because if you talk to a liberal person then we are doing just fine, but a conservative person will tell you the country is in the toilet and getting worse.
Sci 100 - I was very surprised with my research that depending on what take the ‘expert’ had, (and their political agenda seemed to matter), then you got both sides of the coin, or the ‘glass half full/empty’, scenario. I decided to write what I read with different points of view represented. This is what I found:
Fis 250 - September 11, 2001: The day our entire financial markets came to a crashing halt is blamed for many of the hardships we are going through right now. Some experts have stated that we’ve never recovered fully from this fateful day almost 10 years ago, and others have stated that we did recover, but took a step back after we recovered. They all agree that the Mortgage Market crash was a terrible thing, and that many blame Adjustable Rate Mortgages and the greedy brokers who wanted to earn commissions, and qualified just about anyone regardless if they could afford the loan or not. Millions of those easily acquired loans went into default.
Fis 250 - Bloomberg news.com stated in March 2007 that as many as 1.5 million more Americans may lose their homes very soon, and up to 100,000 people in housing-related employment jobs could be terminated, and an estimated 100 additional subprime mortgage companies may go under. They also state that financial stocks would extend their declines over mortgage default worries. (Bloomberg 2007).
Today: What are the current market conditions? Good question; this is where the experts tend to agree to disagree. The radio today stated that almost 14.5 million Americans are either unemployed, or under employed in today’s economy.
Fis 250
When I saw the final subject in App A was, “The current financial environment,” I knew that was going to be a very tough paper to write because if you talk to a liberal person then we are doing just fine, but a conservative person will tell you the country is in the toilet and getting worse.
Sci 100 - I was very surprised with my research that depending on what take the ‘expert’ had, (and their political agenda seemed to matter), then you got both sides of the coin, or the ‘glass half full/empty’, scenario. I decided to write what I read with different points of view represented. This is what I found:
Fis 250 - September 11, 2001: The day our entire financial markets came to a crashing halt is blamed for many of the hardships we are going through right now. Some experts have stated that we’ve never recovered fully from this fateful day almost 10 years ago, and others have stated that we did recover, but took a step back after we recovered. They all agree that the Mortgage Market crash was a terrible thing, and that many blame Adjustable Rate Mortgages and the greedy brokers who wanted to earn commissions, and qualified just about anyone regardless if they could afford the loan or not. Millions of those easily acquired loans went into default.
Fis 250 - Bloomberg news.com stated in March 2007 that as many as 1.5 million more Americans may lose their homes very soon, and up to 100,000 people in housing-related employment jobs could be terminated, and an estimated 100 additional subprime mortgage companies may go under. They also state that financial stocks would extend their declines over mortgage default worries. (Bloomberg 2007).
Today: What are the current market conditions? Good question; this is where the experts tend to agree to disagree. The radio today stated that almost 14.5 million Americans are either unemployed, or under employed in today’s economy.
Fis 250