A spike in interest rates ignited the S&L industry’s troubles, which were fanned into a bad-asset problem with easy credit, including an increase in the deposit insurance limit, FSLIC notes and other forbearance, junk bonds and brokered deposits (a.k.a. hot money.) What was the main source of easy credit in the mortgage crisis besides the SEC’s decision to allow Wall Street investment firms to hold less capital as a cushion against potential losses on money they borrowed?
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Because Reagan didn’t want to openly increase the budget def…
Because Reagan didn’t want to openly increase the budget deficit or raise taxes, his administration had a two-pronged approach to solving the S&L crisis.
Main provisions of the Sarbanes-Oxley law passed in the wake…
Main provisions of the Sarbanes-Oxley law passed in the wake of Enron, WorldCom et al. that all publically traded firms must abide by do NOT include:
When Wall Street’s major investment banks sat together in th…
When Wall Street’s major investment banks sat together in the offices of the New York Federal Reserve to cobble together a bailout of LTCM, what basic fact did they each learn about each other, remarkably, for the first time?
What does it mean for a company to have a negative net worth…
What does it mean for a company to have a negative net worth?
What are the two main measures companies use to evaluate whe…
What are the two main measures companies use to evaluate whether a business action is ethical?
A patient with bipolar disorder has a lithium level of 2.2 m…
A patient with bipolar disorder has a lithium level of 2.2 mEq/L. Which finding supports immediate toxicity?
A patient states, “I’ve been planning to overdose on my pain…
A patient states, “I’ve been planning to overdose on my pain meds when I get home.” What is the PRIORITY nursing action?
Explain why each of the following statements is false. 1. Th…
Explain why each of the following statements is false. 1. The main purpose for pro rata quota share reinsurance is to stabilize loss experience. 2. Excess of loss per policy reinsurance is the best option if the goal is providing surplus relief. 3. If an analysis of losses indicates the presence of inflationary trends, the best approach is to treat these losses as not credible.
A patient in a manic episode is overly active, intrusive, an…
A patient in a manic episode is overly active, intrusive, and demands attention from peers. Which nursing actions are appropriate? (Select all that apply.)