Article “Credit default swaps are insurance products. It’s time we regulated them as such” by Barry Ritholtz on March 10‚ 2012 explained that it was time to change the laws regarding Credit Default swaps. The article talked about companies like Enron and AIG took advantage of the Commodity Futures Modernization Act of 2000‚ that promoted unregualated insurance policies. The CFMA lead to companies wrongly swapping their defaults. The CFMA lead to the 2007-2008 Finanical Crisis that was responsible
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MONASH UNIVERSITY FACULTY OF BUSINESS AND ECONOMICS DEPARTMENT OF ACCOUNTING AND FINANCE FIRST SEMESTER‚ 2013 UNIT NAME: UNIT CODE: INTRODUCTION TO RISK PRINCIPLES AFF 9020 Assignment 2 The assignment is to be submitted in both electronic and hardcopy formats as required and listed in the unit outline. Electronic format is to be emailed to Warren Gillian and the hardcopy is to be delivered to the assignment box provided on the 3rd floor of building H by due date for all students. Failure
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Tran Thi Quynh My quynhmy2202@gmail.com 0126 447 9977 Tk 21/47 Nguyen Canh Chan‚ Cau Kho Ward ‚ District 1‚ HCMC Personal information Full name: Tran Thi Quynh My Date of birth: 22 February 1989 Place of birth: Gialai province Marital status: single Personal profile: Enthusiastic‚ open minded‚ willing to learn‚ can- do spirit‚ responsible. I have just graduated from International University and I had a chance to open my mind and experience the life in America within 4 months. I’m enthusiastic
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through fifth grade). The certified staff consists of a principal‚ an assistant principal‚ a guidance counselor‚ two EC teachers‚ one Pre-K EC teacher‚ one teacher of hearing impaired students‚ one teacher of English Language Learner‚ one teacher of AIG students‚ one academic coach‚ two Pre-K teachers‚ 22 regular education teachers‚ one music teacher‚ one librarian‚ one art teacher‚ and one physical education teacher. Monroe Avenue is ranked 1‚076th in comparison to the 1‚462 elementary schools in
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American International Group Case Key agents: American International Group‚ a multinational insurance corporation. PNC‚ which wants to use AGI’S SPE service. Ernst&Young‚ PNC’s audit firm. Michael Joseph‚ a partner of Ernst&Young Overview: AIG started a new
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Chapter 9 #1 What are the three basic functions of money? Money is a medium of exchange that is usuable for buying and selling goods and services‚ as a unit of account (monetary units=dollars)‚ and a store of value that allows people to transfer purchasing power from the present to the future. Describe how rapid inflation can undermine money’s ability to perform each of the three functions. Rapid inflation greatly reduces the use of money so money loses its value. Since people only accept money
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Bailing out financial institutions has been the talk of the world for the past several years. This essay explains why have governments bailed out financial institutions in the 2008 financial crisis‚ and why have they been bailing out financial institutions for the past decades. By referring to historical examples it is shown that these actions cause more and bigger problems for the future than the ones they are supposed to solve. The conclusion reached is‚ for in order to the financial sector to
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INSIDE JOB‚ DOCUMENTARY 1. Two pages summary of the movie. The movie is divided into five parts. The first part (How we got here): the movie explains how the economy used to be after the great depression. At first the financial industry was highly regulated. Banks were prohibited from speculating in depositors’ savings and investment banks were small and private partnerships hence‚ this structure reduced the risky activities. However‚ the Reagan administration started a 30 years period of financial
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purpose. The public sector safety professional must be pertinent to the necessities of the public by aiming on results‚ and not on activity. Fanning adds to his report that the tragic explosion which killed 111 miners in the Centralia Mine No.5 was of fiasco to center attention on results (Fanning & CSP‚ 2007). In addition‚ Fanning‚ states that‚ the Centralia case study‚ refers to a typical attention on doing things and not focusing s on accomplishing results. Countless control was taken in inspections
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Shell shock is an expression instituted in World War I to portray the kind of PTSD many fighters were distressed with amid the war (before PTSD itself was a term). The property term for shell shock is PTSD (Post traumatic stress disorder). Post-traumatic stress syndrome is the result of soldiers going into war and having a difficult time dealing with the realities of life. Sometimes they might hear a gunshot and it reminds them of being in the war zone. Sometimes they might see the color red like
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