The 2008 Financial Crisis
Steven Pearlstein talked about the 10th anniversary of the financial crisis of 2008. He explained the causes and events leading to the 2008 financial crisis.
Description
Journalist Steven Pearlstein talked about the 10th anniversary of the financial crisis of 2008. He explained the causes and events leading to the 2008 financial crisis.
Bell Ringer Assignment
- What indicators of a financial crisis did Mr. Pearlstein see leading to the 2008 financial crisis?
- What errors did mortgage lenders make prior to 2008 make that contributed to the financial crisis?
- Why did people ignore the signs of a financial crisis?
- Explain the process of packaging and selling mortgages. How did the widespread selling these packaged mortgages increase the risk of a financial crisis?
Additional Resources
Participants
Vocabulary
- 2008 Financial Crisis
- Alan Greenspan
- Bond
- Credit Score
- Down Payment
- Euphoric
- George W. Bush
- Investment Bank
- Lehman Brothers
- Lender
- Mortgage Market
- Real Estate Bubble
- Security
- Wall Street