What does it mean to "deregulate" the housing market?

To reduce government power, meaning banks have few rules the must follow

In US politics, what is a lobbyism?

The act of trying to persuade governments to make decisions.

How can a housing crisis in the US lead to a global economic collaps?

A collaps on Wall Street will affect other stock markets drastically, Other countries Governments (state funds) invested money in the US market

What is a "subprime" loan?

A mortgage where the borrower has little to no security (a risky loan)

Third world debt causes trouble for the poor nations. Should it be cancelled and if so, why?

Yes, it enables governments to pay for health services and education.

How did Michael Burry earn money on the financial crash in 2008?

He bought Credit Default Swaps, meaning insurance, on CDOs he did not own

Who bailed out the investment banks in the 2008 crisis?

The Government, i.e. the tax payers

And simply put; What is a CDO?

A "package" concisiting of thousands of morgages and loans put together

What is CDO short for?

Collateralized Debt Obligations

What is security when it comes to buying a house and getting a mortgage?

Money you must have (egenkapital) before you can get a mortage in a bank

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2008 fincancial crisis

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Questions 21

Answers

1
Both Hans Martin and Liv grew up having Molde as the closest city, but which “eliteserielag” do they cheer for?
Rosenborg
Vålerenga
Brann
Molde
2
In the US, one way big banks are able to influence politicians is by....
Writing checks
Lobbying
Offer politicians cheap mortgages
Throwing big parties
3
What does it mean to "deregulate" the housing market?
To enforce stricter rules so that the banks have less freedom
To decrease the power financial lobbyists have
To reduce government power, meaning banks have few rules the must follow
To seperate politics from the financial market
4
In US politics, what is a lobbyism?
A system promoting public rather than private ownership of property.
The act of trying to persuade governments to make decisions.
To acquire illicit benefit or abuse power for one's private gain.
A system based on demand and supply, with limited government regulation.
5
How can a housing crisis in the US lead to a global economic collaps?
A collaps on Wall Street will affect other stock markets drastically
The global collaps was a coincidence and was not related to this situation
Noone wanted to buy a house anywhere anymore
Other countries Governments (state funds) invested money in the US market
6
What is a "subprime" loan?
A mortage where the borrower has at least 50% security (a safe loan)
A mortage that has to e paid back within a year
A private loan you give to a friend
A mortgage where the borrower has little to no security (a risky loan)
7
In 2012, Liv were so exited on her way to the cinema that she fell down the stair outside the cinema. Which film?
Twilight
Die Hard 5
Harry Potter 7
Max Manus
8
What does "mortgage" mean?
Lån (huslån)
Børs
Aksje
Investering
9
Third world debt causes trouble for the poor nations. Should it be cancelled and if so, why?
Yes, it enables governments to pay for health services and education.
Yes, it causes inflation in the country, which is good for the economy
No, the US needs to get paid in order to get out of financial crisis.
No, it will cause industrialized countries to go to war to get paid back.
10
The financial recession spread to Europe. Which two European countries were the most affected?
Sweden and France
Norway and Findland
Greece and Iceland
Denmark and Germany
11
How did Michael Burry earn money on the financial crash in 2008?
He went to work for a big investment bank
He took out cheap mortages and bought a huge amount of property
He bought Credit Default Swaps, meaning insurance, on CDOs he did not own
He invested in AAA rated CDOs (Collateralized Debt Obliations)
12
What was the Occupy wall street movements main slogan?
One dollar for me, one million for you
We are the 99%
Wall street - go F*** yourself!
Kill the rich!
13
Lehman Brothers, Goldman Sacks, Bear Sterns and Morgan Stanley are examples of...
Credit rating agencies
Investment banks
Top US financial politicians
Hedge funds
14
Who bailed out the investment banks in the 2008 crisis?
The top 1% of Americans
The Government, i.e. the tax payers
The insurance company AIG
The CEOs (top leaders) of big companies and top financial lobbyists
15
And simply put; What is a CDO?
The interest rate on your morgates
A bundle of stocks you can buy on Wall Street
A "package" concisiting of thousands of morgages and loans put together
One single mortage given to a borrower from a bank
16
What is CDO short for?
Critical Default Organization
Can Dogs Obey
Collateralized Debt Obligations
Crisis Distribution Operating
17
How much money was used to bail-out the banks (in the US alone)?
7 million
70 billion
700 million
700 billion
18
What does "interest" mean (when we talk about mortgages)?
Lån
Rente
Interesse
Forsikring
19
In what tournament has Hans Martin participated in with an audience of over 3000 people?
Air guitar
Counter strike
Cherry pit-spitting (morellsteinspytting)
Football tennis
20
What is security when it comes to buying a house and getting a mortgage?
A burglary alarm you buy to avoid people robbing you
Having no money or assets when buying a house
The insurance you buy when you buy house
Money you must have (egenkapital) before you can get a mortage in a bank
21
What does "insurance" mean?
Avtale
Forsikring
Finansmarked
Gjeld

2008 fincancial crisis Flashcards | StudBud