These can include the stimulus package, though, because the Obama Administration is still offering stimulus dollars to banks and other companies that need help and cannot take care of their customers in the way that they used to and preferred to. Figure 1: How Severe is the Subprime Mess? Obviously, the subprime mess is a serious concern for everyone. The stimulus package was designed to help the banks and the people

The research stated that Because disasters tend to accelerate existing economic, social, and political trends, the large losses in housing, population, and employment after Katrina are likely to persist and, at best, only partly recover. However, the possibility of breaking free of this gloomy trajectory is feasible and has some historical precedent Post-Katrina, there is much that can be done to help not only the city's renewal and revitalization from a

Rather than continue the process that began in the first two books, in which the Rosicrucian Order first announced themselves, gave their history, and then responded to certain criticisms while making their position within Christian theology clearer, the Chymical Wedding can almost be seen as the first instance of literature written within the Rosicrucian tradition, rather than as part of its manifesto-like founding documents, because it does not seek to

Moral Hazard The term moral hazard arises out of a contractual agreement. When the terms of the contract serve as motivation for one of the parties to behave in a manner that is "contrary to the principles laid out in the agreement" (Investopedia, 2013). An example that is commonly used is when a salesperson is paid entirely on salary. The salesperson in that case has little direct incentive to perform according

Predatory lenders look to stretch the debt-to-income ratio to a point where, it is not considered responsible lending (Smith 3). Another example of predatory practice is attaching a balloon payment to the loan. Balloon payments are typically seen in prime paperwork used when the borrower is upwardly mobile in their profession. Meaning simply, they will be making more money in the future and able to pay a large compounded

"Forecasts by Moody's Economy.com now use a 20 percent drop in median existing-home prices from their 2005 peak as a baseline, with prices weakening through at least mid-2009" (Shinkle, 2008, p. 44). Moody's director of housing economics Celia Chen, states in the same report that the 20% decline is the good news and that the bad news is that it could easily be more than that. The worst-case scenario is a lot more than that. "You