2008 Financial Crisis the Large Financial Institution Failed

The U.S. economy experienced a deep recession in years of 2008 through 2009. A huge factor in this was the number of large financial institutions that failed. Also, the stock market declined significantly which can be contributed to the bailout plan that was passed by our government. Third, spreads on many different types of loans over comparable U.S. Treasury securities has expanded significantly (Chari, Christiano, amp; Kehoe, 2008). The financial crisis is the result of the collapse of the housing bubble in the U.S., which can be seen as the starting point of a crisis in the global economy afterward. The sudden financial crisis and the unexpected economic collapse in 2008 came as a shock to many because the speed and severity of the†¦show more content†¦In that situation, the U.S. Securities and Exchange Commission (SEC) banned short sales. The financial crisis in America had spread to Europe. Banks in the UK bear the greatest impact from the credit crisis sub-prime housing loans in the U.S. For example, Northern Rock Bank had a bad debt account of up to 191.6 billion U.S. dollars in July 2008 and the Bank of England had to pump 27 billion pounds to rescue Northern Rock Bank. At the end of September 2008, there were some other big banks in Europe such as Dexia and Hypo Real Estate falling in the crisis and these banks were rescured by the governements throught financial bailout. (Alexander, 2008) The banking system, stock market, and financial markets in Russia were also seriously affected. Russian government had to pump tens of billions of dollars to rescue financial markets and banking system of the country. In the last three months of 2008, under the general decline in the global stock market, numerous Asian stock markets were in free fall. The key stock index such as Nikkei 225 in Japan, Hangseng in Hongkong and Sensex in India suffered significant drops. (Rose amp; Spiegel, 2009) Financial crisis is really a major concern for all economies in the world. Every time a crisis occurs, companies, banks and financial institutions should draw their own lessons, because if the lessons are not recognized, they may still go on the trail of failure ofShow MoreRelatedHelping The United States During The Time Of Financial Crisis1103 Words   |  5 Pagesaround the world assisted in regaining the financial system and bringing the economy back to good terms at the peak of the financial crisis. Together they helped stop the financial system from upturning, and with tremendous effort, helped reestablish financial and economic stability. The United States’ central bank is known as the Federal Reserve, and they are accountable for making sure the country’s financial system functions effortlessly. During the crisis of 2007-2009 the Federal Reserve was passiveRead MoreBank Of America s Financial Crisis1744 Words   |  7 PagesBank of America in the 2008 Financia l Crisis – An Even Bigger Financial Giant Suffered Losses and Lawsuits from Risky Behavior Summary of Bank of America in the Financial Crisis As one of the largest banking holding companies, Bank of America has taken a significant role during the whole process of the financial crisis. Compared with financial institutions whose business focused on specific fields, like investment banks or mortgage companies, Bank of Along got involved in activitiesRead MoreBanking of Uk1564 Words   |  7 Pages1. The financial crisis of 2007/2008 and its impact on the UK and other economies Do you still feel vague about the causes and the effects of the financial crisis of 2007/8? Are you preparing for a job interview in either the private or public sector? 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This essay will discuss theRead MoreFactors Responsible For The Global Financial Crisis1430 Words   |  6 Pages we are trying to look at the factors responsible for the global financial crisis in 2008-09 which started in US and later spread across the world. By now, a lot of studies have been done on the global financial crisis of 2008. We explain briefly the role of the financial engineering which leads to combination of various financial securities, the actual risk of which is not clearly assessed and hence leading to the financial crisis. There were also some serious lapses in regulation and failure ofRead MoreNotes On Credit Default Swaps1401 Words   |  6 PagesCredit Default Swaps Another financial vehicle that could be problematic was CDS (credit default swap). CDS is a financial derivative works like insurance on securities. The underwriter is obligated to pay a pre-determined fee to counterparty if a certain security default. In return, underwriters charge a fee as compensation. 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This lack of legislative control played a great part in allowing the credit default swaps on subprime mortgage bonds, CDO’s, and the eventual collapse of the subprime market. Following the subprime mortgage crisis, the Department of the Treasury released a new regulatory plan, The Department of the Treasury Blueprint for a Modernized Financial Regulatory Structure, which is referred t o as â€Å"theRead MoreThe Financial Crisis Caused By The Foreclosure Crisis1534 Words   |  7 PagesBefore the pre-2008 economic recession era, people were ignorant of what was bound to happen. Life was a party. Incomes were steadily rising: most people in every financial class had a credit card, a family to support, and an opportunity to do so by moving into the biggest house they could find. Mortgage loans were given out to anybody with a heartbeat and credit rating, this is called a subprime mortgage. If somebody wanted a new home they could get it, no matter if they could afford it or not.Read MoreWhite Collar Crime Report : Red Collar Crimes1585 Words   |  7 Pagesbut it is also a decade of widespread corporate criminality. The number of activities that involved acts committed through deceits and motivated by financial gain has increased considerably. Terms such as â€Å"Corporate Crime† or â€Å"White Collar Crime† are used to describe a variety of these a ctivities. In 2008, the U.S. economy faced its most dangerous crisis since the great depression in the 1930’s. The contagion, which began in 2007 when inflated home prices deceivably turned downward, spread quickly

Sexual, Gender, And Gender - 964 Words

Sex refers to biological identity male or female while gender refers to social expectation and behaviors assigned to each sex, but not everyone conform this expectation we can say that gender is based on self-concept and the way we interact with others this is formed through social life(family ,friends , religion , media†¦)where a lot of behaviors are shaped through what is socially accepted and what is not which for example even though many people are not naturally born into these gender expectation there is a strong set of ideas built about how â€Å"normal† men and women should look and act, with all of this associated mostly with masculinity and femininity for example men become doctors and women become nurses, men are the breadwinners and women take care of home and children, boys play with trucks and girls play with dolls men are tall and muscular and women are petite ,thin and sensitive and of Couse men are supposed to marry women and only this anything else is a n undesirable and not accepted there is no place for intersex people too. â€Å"Intersex† is a term used for a many conditions in which is someone who is born with a different sexual anatomy that is not what you can call typical female or male. For example, a person might be born appearing to be female on the outside, but having mostly male characteristic anatomy on the inside. Or they be born with genitals organ that seem to be in-between the natural male and female types. nobody consider that situation or even talkShow MoreRelatedGender, Sexual, And Gender1091 Words   |  5 Pagesyour gender is somewhat up to you. Your gender can vary and change over time. It could have a different meaning depending on the culture, a geographic location, or even a specific group of individuals. â€Å"Gender refers to the attitudes, feelings and behaviors that a given culture associates with a person s biological sex. Behaviors that is compatible with cultural expectations is referred to as gender†normative; behaviors that are viewed as incompatible with these expectations constitute gender non†Read MoreGender, Sexual, And Gender862 Words   |  4 PagesWithin Western society, frequently, we hear the terms ‘gender’ and ‘sex’. 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In my Critical Annotation of the book â€Å"Sex Gender: An Introduction (6th ed.)† I reviewed stances from several theorists on sexual/gender development. According to Freud, gender development occurs as a â€Å"response to early interactions with caretakers† (Lips,Read MoreThe Sexual Orientation And Gender1455 Words   |  6 Pages The two individuals I interviewed are homosexual males that differ from me in their sexual orientation and gender. I met my first interviewee for an hour on Wednesday, September 21st, and I met my second interviewee for an hour on Wednesday, September 28th. Through these interviews, I learned a great deal about each individual and it allowed me to gain insight into each of their lives. The first individual I interviewed is named Brandon and lives in Lebanon, Missouri. He was born in Osage BeachRead MoreGender And Sexual Attitudes And Behavior1520 Words   |  7 Pagesculture it is certain there are gender dissimilarities in the topic of sexuality. 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These divides have created an un-opened minded society that judge people and groups based on the prejudices and stereotypes that treat them differently. In the aspect of identity discrimination, American society plays a big role in keeping those that are different isolated from the rest of the world

Is Prohibition A Appropriate S Essay Research free essay sample

Is Prohibition A Appropriate S Essay, Research Paper Is Prohibition an Appropriate Standard? Richard Dennis, the writer of Chemical Dependence: Opposing Point of views, says that # 8220 ; The appropriate criterion in make up ones minding if a drug should be huffy ; e legal for grownups ought to be whether it is more likely than intoxicant to do injury to an guiltless party. If non, censoring it can non be justified while intoxicant remains legal. # 8221 ; By using Dennis # 8217 ; s criterion to the prohibition of marihuana in the United States, the logical determination would be that it is undue to censor the usage of marihuana. This is due to the fact that # 8220 ; alcohol-related offenses in the United States account for 54 per centum of slayings and attempted slayings, 68 per centum of manslaughters, 52 per centum of rape/sexual assaults, and 48 per centum of robberies # 8221 ; ( FADAA ) , accordingly it can be concluded that intoxicant is more likely than marihuanas to do injury to an guiltless party. Alcohol is still legal even though it is associated with an obscene sum of offense in the United States, along with the fact that intoxicant is the ingredient that causes 1000s of auto accidents. Dennis therefore believes that this is adequate justification to either legalize marihuana, or forbid the usage of intoxicant. Is Richard Dennis # 8217 ; s criterion for legalising drugs appropriate to use to the legalisation of marihuana in the United States? Dennis # 8217 ; s criterion is formulated for the interest of drug argument. This criterion was devised to back up the motion to legalise marihuana. His position is that the authorities can non hold a rational statement against the legalisation of marihuana when intoxicant is legal. This is due to the fact that intoxicant is more damaging to society, than marihuana. This is beliing the Torahs of America. The challenge is turn outing that marihuana is less harmful than intoxicant. If this is proven, so does that intend that both drugs should be legalized, or illegalized? Than morality is so the issue. The statement # 8220 ; two wrongs don # 8217 ; Ts make a right # 8221 ; , seems appropriate. The fact is that the prohibiting of what a good part of society is making, and does non happen morally incorrect, has been proven in the yesteryear to non work. This is because the prohibition of intoxicant in the 1920 # 8217 ; s caused more offense, and endanger the citizens who ignored the prohibition, due to the deficiency of ordinance. Persons will exert their single rights, beyond doubt. John Stuart Mill in his book # 8220 ; On Liberty # 8221 ; provinces that, # 8220 ; To individualism should belong the portion of life in which it is chiefly the person that is interested ; to society, the portion which chiefly involvements society # 8221 ; ( 73 ) . Mill believes that if a individual # 8217 ; s behavior does non consequence society, so the authorities should non step in, therefore the determination should be left entirely to the person. Dennis # 8217 ; s criterion follows John Stuart Mill # 8217 ; s philosophy on individualism. It is apparent that intoxicant # 8217 ; s effects reach manner beyond the person, therefore the issue of whether marihuana creates any societal reverberations demands to be explored. It must besides be determined whether the American authorities # 8217 ; s war on marihuana is doing more harm than good. If America # 8217 ; s intercession is doing more injury, so Dennis # 8217 ; s criterion is farther supported. Marijuana from a hazard point of view is far less unsafe than intoxicant. Alcohol is estimated to kill 30 thousand people, straight, a twelvemonth. The usage of intoxicant and baccy is responsible for 95 per centum of the 500,000 deceases caused, each twelvemonth, while merely one per centum is from drug users ( Nagorney ) . # 8220 ; Even though 26 1000000s of Americans use marihuanas each twelvemonth, no 1 who is merely seeking to acquire high dies from marijuana # 8221 ; ( Violence ) . # 8220 ; The sum of THC, the chief psychotropic substance in marihuana, needed to kill person is 40,000 times the sum needed to acquire high, whereas the sum of intoxicant can be every bit low as 4 to 1 ( Sam ) . Therefore, the societal impact, on deceases of citizens due to utilize of marihuana is minuscular, and no comparing to the figure of deceases caused by intoxicant. It is virtually impossible to o.d. from smoking marihuana. Marijuana unlike intoxicant is non physically habit-forming. Since dependence is a danger to society, marihuana would non present to be a menace to American citizens. Marijuana can genuinely be considered a recreational drug . Marijuana has besides been argued to be a â€Å"gateway drug† , which is really a myth. The statement originated from the fact that marihuana is illegal and is sold through a black market. This causes harder drugs to be offered along with marihuana by the drug traders. It’s non that marijuana it self is a â€Å"gateway† drug it is that society, through prohibition, instead than ordinance, has created a black market. Still, nevertheless, there are 70 million people who have tried marihuana, and merely one million people who have tried cocaine. That is rather a little gate. ( Dennis 140 ) Interestingly plenty, Holland, since marihuana has been legalized, cocaine, diacetylmorphine, and the usage of other difficult drugs has declined ( Myths ) . So, legalisation is a enticement to acquire people back through the gate. The statement has been made that # 8220 ; Legal marijuana would do slaughter on the main road # 8221 ; . Thought marihuana is a hallucinogenic with effects similar to alcohol, 85 per centum of marihuana users who caused traffic accidents were besides drunk on intoxicant. In add-on, in provinces were the punishments for marijuana ownership were reduced, a rise in marihuana usage was reported, but they besides experienced a diminution in intoxicant usage, which lowered the sum of motor vehicle accidents. It seems, since intoxicant is more harmful to society than marihuana, that through the legalisation of marihuana the societal deductions of intoxicant appears to be reduced. By turn outing this thought to be true, Dennis # 8217 ; s criterion would demo to be appropriate. Due to the thought that intoxicant # 8217 ; s injury does travel beyond the single, society would profit by pulling people off from the more damaging option. Meaning that though Dennis # 8217 ; s criterion is ment ioning to the justification, if his logical thinking was followed, societal benefits would besides happen. The American authorities spends 75 billion dollars of taxpayer # 8217 ; s money yearly on the prohibition of marihuana. Through the legalisation of marihuana, that waste would so be eliminated. Besides the legalisation, decriminalisation, ordinance, and revenue enhancement of marihuana, would do big sums of gross to be produced. This could travel towards something other than a losing conflict. If marihuana was legalized, our authorities would profit from an excess 12 and a half billion dollars a twelvemonth from revenue enhancement gross ( Dennis138 ) . In add-on, marihuana can be used for medicative intents, to relieve symptoms of malignant neoplastic disease, AIDS, glaucoma, or multiple induration. Through the ordinance of legalize marihuana, underage usage could be controlled, the merchandising of corrupt marihuana could be prevented, and the black market will be virtually eradicated. All of these points will greatly profit society, and do what American citizens are making anyhow , safer and more good. An statement that arises against the benefits of legalising marihuana is by legalising marihuana, America will be compromising their citizens. However, the occupation of the authorities is non the instillment of ethical motives. Moral values are fathered, by faith, household, and are influenced by society, and civilization. Identifying what ethical motives to value, is an single determination. To follow the beliefs of John Stuart Mill, leave what effects the person to the person. The determination to smoke marihuanas should be left up to the person. Equally long as marihuana is smoked responsibly, the societal benefits outweigh the nonexistent societal reverberations. In decision, Richard Dennis # 8217 ; s criterion for the legalisation of drugs is appropriate for statement # 8217 ; s interest. His rationale inquiries the logical thinking of the authorities and discredits their aims. If the authorities is seeking to protect society from harmful drugs, so holding alcohol legal is a contradiction in footings. The two societal drugs legal in the United States, intoxicant and baccy, are extremely habit-forming. Alcoholism is one of the most preventable unwellnesss ; yet 7 out of 10 grownups drink intoxicant. Of these, one out of seven is an alcoholic ( FADAA ) . Though Dennis # 8217 ; s criterion does non straight back up the legalisation of marihuana, it inquiries the authorization of the authorities, and discredits the # 8220 ; because I say so # 8221 ; authorization, which is a misdemeanor of civil autonomy. Dennis # 8217 ; s standard suitably supports the demand to oppugn the justification of the authorities # 8217 ; s prohibition of marihu ana. 344

Romeo And Juliet Essays (375 words) - English-language Films

Romeo And Juliet Romeo and Juliet, is a story of two young lovers, whose love was destined for destruction. They did not imagine that their love would lead to the tragedies that it did. These two young people did nothing wrong except fall in love. Three aspects of their destruction included the feud between the two families, the nurse and her betrayal of Juliet and the most important aspect of all is fate. The feud between the two families was one factor that contributed to the love of Romeo and Juliet being destined for destruction. "From ancient grudge break to new mutiny". (Romeo & Juliet, Prologue, pg.2 l.3) The two families, Montagues and Capulets, had many problems. There was hate between the two families so much so that even the servants hated each other. This feud would have caused many problems for Romeo and Juliet: These two young lovers knew this and this is why they kept their marriage a secret. If their parents discovered their secret, they would have made their children's lives miserable. Romeo and Juliet would not have been able to see each other. Both of these families were very stubborn and there was hardly any thing that would have made them become friends. In the prologue we learn that the only way the "strife" could be ended was by the deaths of Romeo and Juliet. "Doth with their death bury their parent's strife". (Romeo & Juliet, Prologue, l.8) Neither the Montagues or the Capulets would have accepted the marriage. Keeping the marriage a secret caused Romeo and Juliet to turn to other people for help. Sometimes these people gave them the wrong advice or just betrayed them. The Nurse was one of these characters who betrayed the young couple. The Nurse who was also Juliet's friend turned against her at a very crucial time. The Nurse told Juliet that it would be best if she married Paris. "I think it best you married with the county". (Romeo & Juliet, pg.101, III, v, l.219) This betrayal by the Nurse left Juliet alone. She was a wise young woman but it still would have been beneficial for her to have the help of the Nurse. Juliet was left on her own to make some very important decisions. I believe that if the Nurse had been around to help Juliet things may have turned out differently.