Subprime Mortgage Crisis

Today in class we will be continuing our discussions about economy by taking a closer look at more recent economic crisis that we have seen here in America recently…the subprime mortgage crisis. Today we will take a critical look at this crisis by focusing on the major causes of the crisis and how home mortgages were used as deadly investment tool.

In order to do this today we will be using one of my favorite radio programs, This American Life from WBEZ Chicago. We will be listening to the episode titled “Giant Pool of Money” to focus on what went wrong with stock market and the housing market.

 

Mr. McClung

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