On your own, locate three reputable sources on the causes of the 2008 financial crisis. At least one such source should be a primary source.

To ensure your sources are reputable, follow these guidelines when searching:

The source clearly identifies who the author is.
The source's author has expertise in the field in which the person is writing. For instance, if you are reading a source on an environmental issue, you would want the author to be someone who has research experience with the topic.
The source is academic, meaning it is published by a respected site or source in the field of study, such as official government Web sites a university, academic journals, or reputable news sources.
The source does not state opinions as facts.
The source clearly cites where its information came from.
The source is current and does not include dated information.
Analyze each source, and organize your argument in chronological order. By arranging your reasoning in sequential order, you present a timeline of the various causes of the financial crisis in 2008.

Finally, you will compare the information from your secondary sources with the information given in your primary sources. In the second half of your essay, evaluate the explanations for actions or events that occurred during the financial crises. Do your sources have differing points of view or different conclusions? Consider and explain which sources are more correct, based on your analysis. Make It Atleast 400 Words

The financial crisis and recession of 2008 and 2009 were serious blows to the U.S. economy, so it is important to step back and understand what caused them. While some people have pointed to financial deregulation and private-sector greed as the sources of the problems, it was actually misguided monetary and housing policies that were the main causes of the crisis.

The expansion in risky mortgages to underqualified borrowers was encouraged by the federal government. The growth of "creative" nonprime lending followed Congress's strengthening of the Community Reinvestment Act, the Federal Housing Administration's loosening of down-payment standards, and the Department of Housing and Urban Development's pressuring of lenders to extend mortgages to borrowers who previously would not have qualified."

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Explanation:

hodxav0920A hodxav0920A · Answer 2 · 2021-05-13T18:12:13+02:00

Answer: The financial crisis was primarily caused by deregulation in the financial industry. That permitted banks to engage in hedge fund trading with derivatives. Banks then demanded more mortgages to support the profitable sale of these derivatives. They created interest-only loans that became affordable to subprime borrowers.

In 2004, the Federal Reserve raised the fed funds rate just as the interest rates on these new mortgages reset. Housing prices started falling in 2007 as supply outpaced demand. That trapped homeowners who couldn't afford the payments, but couldn't sell their house.

The financial crisis and recession of 2008 and 2009 were serious blows to the U.S. economy, so it is important to step back and understand what caused them. While some people have pointed to financial deregulation and private-sector greed as the sources of the problems, it was actually misguided monetary and housing policies that were the main causes of the crisis.

The expansion in risky mortgages to underqualified borrowers was encouraged by the federal government. The growth of "creative" nonprime lending followed Congress's strengthening of the Community Reinvestment Act, the Federal Housing Administration's loosening of down-payment standards, and the Department of Housing and Urban Development's pressuring of lenders to extend mortgages to borrowers who previously would not have qualified.

Explanation: