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Subprime Meltdown:  From U.S. Liquidity Crisis to Global Recession By Charles Brownell
What’s wrong? ,[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]
Definitions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Background ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
So what changed? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What did our leaders do to us? ,[object Object],[object Object],[object Object],[object Object]
What did our leaders do to us? ,[object Object],[object Object],[object Object],[object Object]
Mortgage-Backed Securities - Securitization ,[object Object],[object Object],[object Object],[object Object]
Fannie Mae & Freddie Mac ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Long Answer ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Subprime Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Two typical scenarios ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
First, what happens when rates go up? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What if they bought a more expensive home? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Governments Bad Social Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What did Congress say or do about the warnings? ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Congressional ‘Supervision’ ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Sniper Fire Revisited ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How can we allow this? ,[object Object],[object Object],[object Object],[object Object],[object Object]
The details behind the crisis. ,[object Object],[object Object],[object Object],[object Object]
How does 5% cause a crisis? ,[object Object],[object Object]
Mark-to-market Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Linking the credit crisis to Main Street ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Role of Credit Rating Agencies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How long will it last? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What’s wrong with the current plan? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
My Bailout Plan ,[object Object],[object Object],[object Object],[object Object],[object Object]
How much would this cost? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
In the end… ,[object Object]

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Subprime Meltdown: From U.S. Liquidity Crisis to Global Recession

  • 1. Subprime Meltdown: From U.S. Liquidity Crisis to Global Recession By Charles Brownell
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