Many people are confused about why our economy went to shambles in 2008. The crisis was actually the result of many complex factors. First, easy credit conditions allowed people who were unworthy of credit to borrow. Even people who had no income were eligible for large loans. Second, banks bundled these toxic loans into packages and sold them. Third, large insurance firms backed these packages. They misrepresented these high-risk loans as safe investments. Fourth, rapid growth in the housing market lead to people buying too many houses. All these factors created bubbles of speculation. The bubbles burst, sending the whole market into a downward spiral. Employers lost capital and laid off employees. Consumer spending plummeted. Businesses suffered. The economy is like a big boat, and once it gets moving quickly in the wrong direction, it's hard to turn it around.
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English, 21.06.2019 15:10
In shakespeare’s hamlet what word can be substituted for allusion in the phrase the illusion is that not only does larry us die as expected but hamlet is doomed to die by the poison on his own sword as
Answers: 1
English, 21.06.2019 20:30
Your school is considering adopting a policy that requires all students to complete 100 hours of community service during there high school careers in order to graduate. the district asked for student input at the next school board meeting as to whether or not they should adopt this policy. research the topic, decide whether you are in favor of or against the new policy, and write a five-paragraph persuasive speech that you will deliver to the school board members and your principle need answer for my
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English, 22.06.2019 03:30
Read the excerpt. “this is a train-servicing station and we have to wait for a train.” he shakes his head. i smile. “it’d be nice if we could get one.” lauren mizock has revised her draft of “train tracks” to convey plot events using
Answers: 1
Many people are confused about why our economy went to shambles in 2008. The crisis was actually the...
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