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Causes of the Financial Crisis

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1) The document summarizes the causes of the recent financial crisis, tracing problems back to the 1980s and failures to address underlying issues over the long term. 2) Key factors included the over-expansion of the mortgage market due to lowered standards and a focus on short-term profits rather than long-term stability. 3) Regulators could not prevent problems resulting from a lack of ethical behavior in financial markets and misaligned incentives.

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On the causes of the financial crisis ,[object Object],[object Object],[object Object],[object Object]
Overview ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Popular Press 7 seconds view ,[object Object],[object Object],[object Object],[object Object],[object Object]
Post War Era ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The importance of “banks” ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Problems develop… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Banks caused problems before ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The push for mortgages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Our current little mess…2000
2007
Timeline of the Crisis I ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Timeline of the Crisis II ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Timeline of the Crisis III ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What we can learn from the crisis
1) History matters ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2) The long run matters… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
3) Finance is not just numbers ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
4) The regulators can’t save us… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What economists should do ,[object Object],[object Object],[object Object]
The Economist July 18, 2009 ,[object Object],[object Object]
Q & A ask about anything… [email_address] http://blogs.mccombs.utexas.edu/brandl Twitter: MichaelBrandl Facebook: Michael.Brandl

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Causes of the Financial Crisis

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  • 9. Our current little mess…2000
  • 10. 2007
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  • 14. What we can learn from the crisis
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  • 21. Q & A ask about anything… [email_address] http://blogs.mccombs.utexas.edu/brandl Twitter: MichaelBrandl Facebook: Michael.Brandl