Tuesday, October 18, 2011

RJA #8b: Background Essay Plan

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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