Francesco Adel Yau‚ Matthew MFIMET2 K31 Topic: The impact of the subprime mortgage crisis on the financial sector of US. INTRODUCTION I. Background of the study The Sub Prime Mortgage Crisis maimed the US Economy as house prices were inflating exponentially; a bubble in financial terms. This eventually burst and causing the assets tied to the different real estates to shrink and devaluate. A financial crisis as such had been one of the most alarming circumstances that hit the United
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people don’t always work in a suitable working area. The term “Blue Collar” is jobs that require manual labor from people. The problem with these kinds of jobs is that the places the people work in can be extremely unsanitary and may cause a bad working environment for the people in it. Blue collar work is also the work most people do not want to do but it is needed for the people who do white collar jobs to prosper. Also blue collar workers are known as people who did not do well in school or people
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S. subprime mortgage crisis was a set of events and conditions that led to a financial crisis and subsequent recession that began in 2008. It was characterized by a rise in subprime mortgage delinquencies and foreclosures‚ and the resulting decline of securities backed by said mortgages. Several major financial institutions collapsed in September 2008‚ with significant disruption in the flow of credit to businesses and consumers and the onset of a severe global recession. There were many causes
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Edwin H Sutherland defined white-collar crime as "a crime committed by a person of respectability and high social status in the course of his occupation". To him‚ many criminologists fail to recognize that the secretive violations of public and corporate trust by those in positions of authority are just as criminal as predatory acts committed by people of lower social standing (today). White-collar criminals are less likely to be investigated or arrested than the average common criminal‚ primarily
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BLUE-COLLAR WORKER AND A WHITE-COLLAR WORKER The terms "blue collar" and "white collar" are occupational classifications that distinguish workers who perform manual labor from workers who perform professional jobs. Historically‚ blue-collar workers wore uniforms‚ usually blue‚ and worked in trade occupations. White-collar workers typically wore white‚ button down shirts. and worked in office settings. Other aspects that distinguish blue-collar and white-collar workers include earnings and education
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Impact of the Mortgage Crisis on Money Supply in the US AMESIA HARRIS FINANCE 364 PROFESSOR CROSS Impact of the Mortgage Crisis on Money Supply in the US This paper presents the effects of expansionary monetary policy to macro economic variables in the economy. The United States of America recorded a mortgage crisis since 2007. The financial sector issued out massive amounts of money to individuals to acquire homes. This was in line with government campaigns for equitable housing of US citizens
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The white-collar crime is one that is financially motivated and is non-violent. The crime is committed by the government and business professionals. According to Edwin Sutherland‚ white-collar crime is committed by the individuals of high social and respectable status‚ in their occupations. Edwin Sutherland was the first sociologist to define white-collar crime. The white-collar kinds of crime include copyright infringement‚ fraud‚ money laundering‚ insider trading‚ cybercrime‚ forgery‚ Ponzi schemes
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earnings. This company had the largest bankruptcy filing in the United States. Today‚ the Worldcom accounting scandal is known as one of the worst corporate white collar crimes in history. What were some psychological factors that led to this crime? Financial Pressures from competitors and absolute greed are usually the main causes of white collar crime. Bernard Ebbers cooked the books to make his company seem like they are earning more than what they actually have. Bernard Ebbers did not come from
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definition of white collar crime‚ the term is used to characterize a number of nonviolent crimes of dishonesty. These crimes are committed by professionals or entrepreneurs under the veil of legitimate business activity. Today‚ there is a trend toward tougher punishment for white collar crimes. A recent example is the Bernard Madoff case where Madoff received 150 years in prison. This case is a good example of the effects white collar crime can have on our society. White collar crime can be
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The Subprime Mortgage Crisis Summary: Since 2006‚ American gradually comes into being a crisis called ’’sub-prime mortgage crisis’’. This crisis becomes more and more serious in the following year‚ now it is becoming a finance storm that is sweeping over the world like EU‚ Japan and such main financial markets. The storm had first destroyed the Wall Street and some important global financial Institutions; it also results in the bankruptcies of sub-prime mortgage institutions‚ the closures of
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