Please visit http://www.spirobolos.com/2008/11/giant-pool-of-money.html for a full explanation of this assignment for high school students.

1. Alex B. 1 Awards for starting Global Financial Crisis... ...Meanwhile in Brooklyn Source

2. Gordie C 2 Source 1 Source 2

3. A The Crisis Started from NINA loans. Sheffield, D. 3 source source source

4. Jillian F 4 I have a job... Loan me $540,000 SOURCE

5. Meredith G 5 "duped by a lying, greedy mortgage banker" Meredith G 5 Source

6. Global Pool 70,000,000,000,000 Maddie H. #6 SOURCE

7. Matt H. This number ($36 trillion) doubled since 2000. #7 Source

8. 8 Kelly H The world couldn't handle all the money source1 source 2

9. Hey, giant pool of money screw you Matt L. Matt L. 9 Picture of greenspan speech Bubble

10. Walt Lyon 10 Homeowners paying 9%... Global pool wants in. Source

12. Danny M. #12 SOURCE ...Like toys for investors to play with

13. Bankers buy individual mortgages from brokers Brittany R. #13 Source

14. Banks lowered standards, allowing unqualified loans Meanwhile... Source Ellery R. 14

15. Mortgages bundled and sold to Wall Street Jack R. Source #15

16. Kimber S. 16 Wall Street Global Money Pool SELLS to Source

17. Casey Santi Meanwhile... Casey S. 17 "Housing prices were rising, fast."

19. Teresa T. "cubicle, cubicle, cubicle for 150,000 feet" "That's all we did" #19 Source

20. sources 20 Now we were the cool guys . Miles T-G source source source

21. Abby T 21 “ We’re setting you up to lie” Source

22. Matt B Greed + Wrong Data = DISASTER 22 SOURCE SOURCE

23. Steve B. #23 SOURCE SOURCE SOURCE "Smart people... fooled themselves with this data"

24. Shannon C 24 Agencies Considered them Safe... ... Trusting False Data SOURCE

25. SOURCE

26. Leslie C 26

27. 27 Victoria E. 27 Source BBB "They're so high-risk, they're toxic."

28. Jeremy F # 28 BUY R E N O V A T E S E L L Source

29. Source Brian F #29

30. Source Default = Marketed House No Buyers = Price Drop CarrieF. # 30

31. Adam G. #31 Paid all debts, went further into debt Source Source

32. Kate H. #32 Not the little banks money Kate H. Source Source

33. Luke H.G. 33 "And have you made mortgage payments? No." Hyperlink

34. fighting to keep homes. Americans SOURCE 2 SOURCE 1 Andrea K 34 NO BUYERS

35. Jackie Lungmus # 35 Today. Today. Jackie L SOURCE 35

36. Madeline O. 36 Loan Money SOURCE Didn't make enough, loan said something different.

37. Christy P. 37 Christy P. 37 to almost anyone . Loans were available... SOURCE

38. One office owns 16 million homes... 38

39. 39 39 Zack P cccc36c36 cc3cc36c6 cc333cc63 cc663c63c 9cccc66c3 16 Million Loans Source

40. John P. 40 Half... Empty. Source

41. SOURCE NO RISK NO REWARD MAX R. 41 picture

42. Alex S. 42 Unemployment keeps creeping up... We're just stuck Source