Background essay thesis statement:
The primary cause for the 2008 financial crisis in the United States was the use of complex risk assessment instruments such as CDO's and interest-based derivatives.
Some info that I want to include in my background essay include the following.
-The effects of greed on the financial crisis
---Wall street salaries and bonuses
-The effects of the housing sector on the financial crisis
---Credit default swaps
---Collateralized debt obligations
---Interest based derivatives
---Subprime mortgages
---Toxic assets
-The effects of deregulation on the financial crisis
---Reagan
---Bush sr.
---Bush jr.
---Clinton
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