Research Project on Financial Crisis

Research assist on Financial Crisis Louis Cappelli 2/18/2012 From the research I go through performed so far, I have been able to isolate the main issues that caused the monetary crisis in the 2000s. It bets to be that this whole crisis revolves around the major banks in America. I have been through a good amount of articles based upon the fiscal crisis so far, with each of them stating at least once something close the crisis relating to the banks.As I was finding this material, I noticed some other similarities in these resources involving the Crisis. For event I noticed major names like Fannie Mae and Freddie Mac, who both seem to have a major involvement in brings in mortgages in America. From these sources I found the articles specifying what were the main causes of the financial crisis to be most helpful. Since I am not familiar with this subject and economic crisis at all, the articles that were more than simplified for the general public were the ones I could better understand.From one article on About. com, I was given some of the major causes that of the recession involving the banks and what they did wrong. For voice I learned that in the beginning the banks didnt worry about their credit and were giving out loans to people who werent qualified for them. some other thing that I took note upon over my research was the constant mentioning of a subprime mortgage. Apparently one of the first initiators of the financial crisis was the subprime mortgage crisis.These mortgages were granted to those with execrable credit, but unfortunately the rate of these mortgages skyrocketed, leaving many lenders with financial difficulties resulting in bankruptcy. From the research performed and sources I thought were most reliable and factual, I throw away as if the crisis we are dealing with is mainly in fault of the banks and loan mortgage cooperations in this country. I seems as if they messed up monolithic time, and in result we all have to pay for th eir actions.