Key Facts - 10 views

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  #1 Kevin Mao on 18 Apr 12

   

  This topic will provide an outline for the fact sheet.

   

  <div class="cArrow"> </div><div class="cContentInner">This topic will provide an outline for the fact sheet.</div>

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  #2 Kostya Golovan on 18 Apr 12

   

  sounds good :D

   

  <div class="cArrow"> </div><div class="cContentInner">sounds good :D</div>

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  #3 stefan ayache on 18 May 12

   

  Lehman Brothers-Investment bank that went under, led to the meltdown that was the 2008 financial crisis
  Bank of America-American Bank involved in many high profile banking stories
  Financial Crisis- started towards the end of 2008 with the crash of Lehman Brothers, brought the financial system to its knees. This was due to problems in the credit markets, after many homeowners with subprime mortgages started defaulting on their mortgages and getting foreclosed upon, losing their homes
  Housing bubble- housing prices going above their value, ends with a sudden huge drop in housing prices

   

  <div class="cArrow"> </div><div class="cContentInner">Lehman Brothers-Investment bank that went under, led to the meltdown that was the 2008 financial crisis <br /> Bank of America-American Bank involved in many high profile banking stories <br /> Financial Crisis- started towards the end of 2008 with the crash of Lehman Brothers, brought the financial system to its knees. This was due to problems in the credit markets, after many homeowners with subprime mortgages started defaulting on their mortgages and getting foreclosed upon, losing their homes <br /> Housing bubble- housing prices going above their value, ends with a sudden huge drop in housing prices</div>

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  #4 stefan ayache on 18 May 12

   

  bear stearns- American investment bank which went under during the financial crisis

   

  <div class="cArrow"> </div><div class="cContentInner">bear stearns- American investment bank which went under during the financial crisis</div>

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  #5 kevinan108 on 18 May 12

   

  Occupy Wall Street- OWS was a left wing response to the Tea Party. They were upset over Obama's policies towards Wall Street and they were upset by Wall Street's actions. OWS also seeked to address concerns over the growing inequality gap in the U.S

   

  <div class="cArrow"> </div><div class="cContentInner">Occupy Wall Street- OWS was a left wing response to the Tea Party. They were upset over Obama's policies towards Wall Street and they were upset by Wall Street's actions. OWS also seeked to address concerns over the growing inequality gap in the U.S</div>

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  #6 kevinan108 on 18 May 12

   

  French/Greek Elections- The recent elections in Europe have demonstrated that Europeans are fed up with austerity and have voted out leaders in charge of austerity. New leader Francois Hollande has promised to levy 70% income taxes on people making over $1 million dollars. Greece still cannot decide on a leader. As a result there has been a growing run on the banks in Greece and Spain and there are worries whether Greece will stay with the euro or leave.

   

  <div class="cArrow"> </div><div class="cContentInner">French/Greek Elections- The recent elections in Europe have demonstrated that Europeans are fed up with austerity and have voted out leaders in charge of austerity. New leader Francois Hollande has promised to levy 70% income taxes on people making over $1 million dollars. Greece still cannot decide on a leader. As a result there has been a growing run on the banks in Greece and Spain and there are worries whether Greece will stay with the euro or leave.</div>

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  #7 stefan ayache on 18 May 12

   

  Euro crisis- European governments have been taking on more debt than they are able to repay, has led to massive financial instability in Europe and devaluation of the Euro
  Goldman Sachs- American Investment bank, still around after the crisis, are now quite profitable, have no souls
  Merrill Lynch- American Investment bank which shut down during the crisis
  JPMorgan- American bank, was the only bank to remain profitable during the crisis

   

  <div class="cArrow"> </div><div class="cContentInner">Euro crisis- European governments have been taking on more debt than they are able to repay, has led to massive financial instability in Europe and devaluation of the Euro <br /> Goldman Sachs- American Investment bank, still around after the crisis, are now quite profitable, have no souls <br /> Merrill Lynch- American Investment bank which shut down during the crisis <br /> JPMorgan- American bank, was the only bank to remain profitable during the crisis</div>

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  #8 kevinan108 on 18 May 12

   

  Volcker Rule- A rule in the Dodd-Frank Financial Reform bill that stops banks from making speculative investments that do not benefit its customers. It bans proprietary trading which is when banks use its own money to make risky bets.

   

  <div class="cArrow"> </div><div class="cContentInner">Volcker Rule- A rule in the Dodd-Frank Financial Reform bill that stops banks from making speculative investments that do not benefit its customers. It bans proprietary trading which is when banks use its own money to make risky bets.</div>

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  #9 kevinan108 on 18 May 12

   

  Dodd-Frank Financial Reform Bill- A bill that is intended to enforce new regulations on Wall Street to prevent the Financial Crisis from happening again. Many aspects of the bill only come into effect later on.

   

  <div class="cArrow"> </div><div class="cContentInner">Dodd-Frank Financial Reform Bill- A bill that is intended to enforce new regulations on Wall Street to prevent the Financial Crisis from happening again. Many aspects of the bill only come into effect later on.</div>

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  #10 kevinan108 on 18 May 12

   

  Paul Krugman- Professor of economics at Princeton University and columnist at the New York Times. He is in favor of increased regulation of Wall Street

   

  <div class="cArrow"> </div><div class="cContentInner">Paul Krugman- Professor of economics at Princeton University and columnist at the New York Times. He is in favor of increased regulation of Wall Street</div>

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  #11 kevinan108 on 18 May 12

   

  Securities and Exchange Commission- The agency responsible for enforcing laws involving the stock market and Wall Street. the SEC was created in 1934 after the Great Depression.

   

  <div class="cArrow"> </div><div class="cContentInner">Securities and Exchange Commission- The agency responsible for enforcing laws involving the stock market and Wall Street. the SEC was created in 1934 after the Great Depression.</div>

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  #13 kevinan108 on 18 May 12

   

  Jamie Dimon- CEO of JP Morgan since 2005. He has been a vocal advocate for less regulation on Wall Street. Recently, JP Morgan has lost $3 billion in derivatives trading. The FBI is investigating his company

   

  <div class="cArrow"> </div><div class="cContentInner">Jamie Dimon- CEO of JP Morgan since 2005. He has been a vocal advocate for less regulation on Wall Street. Recently, JP Morgan has lost $3 billion in derivatives trading. The FBI is investigating his company</div>

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  #14 kevinan108 on 18 May 12

   

  Ina Drew- Chief Investment Officer of JP Morgan. She was one of the few women in leadership roles on Wall Street. She was fired after her actions cost JP Morgan $3 billion dollars. She may receive $14.7 million in termination compensation

   

  <div class="cArrow"> </div><div class="cContentInner">Ina Drew- Chief Investment Officer of JP Morgan. She was one of the few women in leadership roles on Wall Street. She was fired after her actions cost JP Morgan $3 billion dollars. She may receive $14.7 million in termination compensation</div>

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