Essays on Freddie

Creativity Fails: How To Wreck The Housing Market

On June 5, 1995, at 11:50 A.M., in the East Room at the White House, President Bill Clinton delivered his speech “Remarks on the National Homeownership Strategy”, in which he stated: “The goal of this strategy, to boost home ownership to 67.5 percent by the year 2000, would take us to an all-time high, helping as many as 8 million American families across that threshold” (Peters, G., & Woolley, J. T., 1995). To facilitate such goal, President Clinton eliminated regulatory barriers and stimulated the financial sector to find creative ways of increasing home ownership of low-income Americans (Rajan, 2010, p. ...

Introduction

In 2008, the entire world was rocked by the biggest financial crisis since the Great Depression. The crisis first affected the entire financial system of the United States before then quickly spread globally. The casualties of the crisis included the whole investment banking industry of the US. Other casualties were the US largest insurance company, largest mortgage lender, among other firms in the financial services sector. The US auto industry was severely hit leading to loss of jobs. The US unemployment rate increased by 4.9% points from the third quarter of 2007 to the third quarter of 2009. The ...

Global Financial Crisis in the US

Introduction It was hard for the economists, professional analysts and policymakers among other players in the financial industry to foresee the crisis in the US mortgage lending industry in 2007 that resulted in the world's worst economic recession in two years' time (Sher and Iyanatul 2010). Initially, there was a housing bubble characterized by high house prices, low-interest rates, more support for subprime mortgage and increased speculation by the buyers (Acharya and Schnabl 2010). Eventually, there were decline of house market prices, increased lending rates and increased default and foreclosures by the mortgagors (John 2009). Notably, by mid-2008 the ...

For the analysis I have chosen a song performed by the British rock band Queen. It was written in 1978 by the band’s lead singer Freddie Mercury. From the first tune the song attracts the listener with its energetic melody and lyrics. Also I like this song for its ability to cheer me up and fill with energy in any gloomy day. “Don’t Stop Me Now” has no hidden messages and meanings, everything is in its title. The speaker of the song is a man, who is in a cheerful mood, enjoys himself, has a great time ...

Until 19th century the attitude towards gender was clear: there was a strict limit of occupations available to women as well as there was an established idea of what a good woman should be like. The prejudices of many centuries influenced this sharp definition between men’s and women’s role. Women were considered inferior to men in a number of aspects, which is why they were made mostly to undertake household duties, and were refrained from education or training in any professional sphere. However, with economic and technical progress in early 19th century women became more independent. Several ...

First of all, I would like to focus on the story “The Man with the Twisted Lip” by Sir Arthur Conan Doyle. The story is about Mr. Neville St. Clair, who has recently moved to the area. He rented a luxurious villa. Mr. St. Clair is happily married and had two children. His neighbors consider him to be a wonderful family man, and an excellent person. The character is engaged in commerce and seems to experience no financial difficulties. However, one day Mr. Neville St. Clair disappears. His wife asks Sherlock Holmes to find him. She tells Mr. Holmes ...