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
Tuesday, October 18, 2011
Monday, October 17, 2011
RJA #8a: Summary
TIME
Reassessing Risk
This article in the Wednesday, Nov. 05, 2008 issue of TIME magazine discusses the transformation of the practice of assessing the risk of investments throughout time. It mentions at the start that a form of risk assessment has been around for centuries, but now, with the advent of many new computing technologies, corporate banks and other financial institutions are able to produce complicated instruments, such as credit-default swaps and collateralized debt obligations. These instruments at first were treated as a profit center, with no regard for the extreme risk involved or even the mathematical models and algorithms made to analyze the value of the underlying assets. The article discusses a few firms that have removed themselves from practices involving these instruments, and also outlines why there should be a move forward for more to do the same.
A link to the article, Reassessing risk.
Plagiarism checker:
Sentence1: "05, 2008 issue of TIME magazine discusses the transformation of the practice of assessing the risk of investments throughout time"
Sentence2: "This article in the Wednesday, Nov"
Sentence3: "It mentions at the start that a form of risk assessment has been around for centuries, but now, with the advent of many new computing technologies, corporate banks and other financial institutions are able to produce complicated instruments, such as credit-default swaps and collateralized debt obligations"
Sentence4: "These instruments at first were treated as a profit center, with no regard for the extreme risk involved or even the mathematical models and algorithms made to analyze the value of the underlying assets"
Sentence5: "The article discusses a few firms that have removed themselves from practices involving these instruments, and also outlines why there should be a move forward for more to do the same"
Sentence6: ""
Reassessing Risk
This article in the Wednesday, Nov. 05, 2008 issue of TIME magazine discusses the transformation of the practice of assessing the risk of investments throughout time. It mentions at the start that a form of risk assessment has been around for centuries, but now, with the advent of many new computing technologies, corporate banks and other financial institutions are able to produce complicated instruments, such as credit-default swaps and collateralized debt obligations. These instruments at first were treated as a profit center, with no regard for the extreme risk involved or even the mathematical models and algorithms made to analyze the value of the underlying assets. The article discusses a few firms that have removed themselves from practices involving these instruments, and also outlines why there should be a move forward for more to do the same.
A link to the article, Reassessing risk.
Plagiarism checker:
Sentence1: "05, 2008 issue of TIME magazine discusses the transformation of the practice of assessing the risk of investments throughout time"
Sentence2: "This article in the Wednesday, Nov"
Sentence3: "It mentions at the start that a form of risk assessment has been around for centuries, but now, with the advent of many new computing technologies, corporate banks and other financial institutions are able to produce complicated instruments, such as credit-default swaps and collateralized debt obligations"
Sentence4: "These instruments at first were treated as a profit center, with no regard for the extreme risk involved or even the mathematical models and algorithms made to analyze the value of the underlying assets"
Sentence5: "The article discusses a few firms that have removed themselves from practices involving these instruments, and also outlines why there should be a move forward for more to do the same"
Sentence6: ""
Sunday, October 9, 2011
RJA #7a: Evaluation of Sources
Book:
The Financial Crisis Inquiry Report
The authors of this book are the senators in the commission by the same name. This suggests credibility in my opinion. It is a recent work, just being released in January 2011. This book is one that I think will prove to be the most informative of all of my sources. What better of a source to have than the congressional committee that has spent the last year researching my topic? I think that the audience of this work includes both the specialists and a popular audience.
Periodical:
The US financial crisis: lessons for theories of institutional complementarity
This article was published by the Oxford University press by the author John Campbell. This author has written many peer reviewed articles that appear in reputable journals, such as the American Journal of Sociology, British medical journal, and the British Journal of Sociology, and offer a wide range of topics, such as economics, globalization, and health care. The article is meant to be used as institutional analysis. The issue of the Socio-economic Review in which this particular article is contained was published on January 22, 2011.
Website:
Financial Crisis Inquiry Commission Official website
This website is supported by Stanford University, and has many resources available, such as a full resource library and a hearings and testimony section. The site seems very well maintained, and has an informative interactive graphic in the header. You can adjust the graph you want to see, including indicators such as the unemployment rate and the Dow Industrial Average, and the time frame goes back 50 years. You can even download a PDF version of the full report for free on this website (of course I found this out only after I bought the kindle edition for my iPad). I think that the purpose of this website is to educate the country about the financial crisis and how to avoid anything like that happening again. I think that this is a valuable website.
The Financial Crisis Inquiry Report
The authors of this book are the senators in the commission by the same name. This suggests credibility in my opinion. It is a recent work, just being released in January 2011. This book is one that I think will prove to be the most informative of all of my sources. What better of a source to have than the congressional committee that has spent the last year researching my topic? I think that the audience of this work includes both the specialists and a popular audience.
Periodical:
The US financial crisis: lessons for theories of institutional complementarity
This article was published by the Oxford University press by the author John Campbell. This author has written many peer reviewed articles that appear in reputable journals, such as the American Journal of Sociology, British medical journal, and the British Journal of Sociology, and offer a wide range of topics, such as economics, globalization, and health care. The article is meant to be used as institutional analysis. The issue of the Socio-economic Review in which this particular article is contained was published on January 22, 2011.
Website:
Financial Crisis Inquiry Commission Official website
This website is supported by Stanford University, and has many resources available, such as a full resource library and a hearings and testimony section. The site seems very well maintained, and has an informative interactive graphic in the header. You can adjust the graph you want to see, including indicators such as the unemployment rate and the Dow Industrial Average, and the time frame goes back 50 years. You can even download a PDF version of the full report for free on this website (of course I found this out only after I bought the kindle edition for my iPad). I think that the purpose of this website is to educate the country about the financial crisis and how to avoid anything like that happening again. I think that this is a valuable website.
Tuesday, October 4, 2011
RJA #6c: Multimedia
Blinkx
2008 financial crisis
keywords
10/4/2011
202000 results
relevance- 4
Blinkx
banking regulation
keywords
10/4/2011
25000 results
relevance-5
2008 financial crisis
keywords
10/4/2011
202000 results
relevance- 4
Blinkx
banking regulation
keywords
10/4/2011
25000 results
relevance-5
RJA #6b: Social Media
Collecta
"Hello, thanks for trying to find Collecta Real-Time Search.
We have removed our consumer facing site but we are still researching applications for our technology.
Please contact us if you have any questions or ideas to share. Thanks! "
relevance- 0
Blogscope
financial crisis + deregulation
search math
10/4/2011
424 results
relevance- 3
Blogscope
“Financial crisis” AND “mortgage backed securities”
boolean phrase
10/4/2011
"Error Report: An error has occured while searching. Most likely, its a temporary problem, which should disappear if yousimply reload the page. We regret the inconvenience."
Reloading didn't work. relevance- 0
Blogscope
Financial crisis bank fraud
keywords
10/4/2011
1170 results
relevance- 3
Bigola
Financial crisis
keywords
10/4/2011
66 results
relevance-0
not one related page to my search!
I think that social media sites are very bad research tools.
"Hello, thanks for trying to find Collecta Real-Time Search.
We have removed our consumer facing site but we are still researching applications for our technology.
Please contact us if you have any questions or ideas to share. Thanks! "
relevance- 0
Blogscope
financial crisis + deregulation
search math
10/4/2011
424 results
relevance- 3
Blogscope
“Financial crisis” AND “mortgage backed securities”
boolean phrase
10/4/2011
"Error Report: An error has occured while searching. Most likely, its a temporary problem, which should disappear if yousimply reload the page. We regret the inconvenience."
Reloading didn't work. relevance- 0
Blogscope
Financial crisis bank fraud
keywords
10/4/2011
1170 results
relevance- 3
Bigola
Financial crisis
keywords
10/4/2011
66 results
relevance-0
not one related page to my search!
I think that social media sites are very bad research tools.
RJA #6a: Websites
Alta vista
+financ* + regulat* + crisis +2008
search math
10/04/2011
More than 10 pages of results
relevance of first page -5
+financ* + regulat* + crisis +2008
search math
10/04/2011
More than 10 pages of results
relevance of first page -5
Alta vista
+financ* + crisis + deregulat*+2008
search math
10/04/2011
0 results
relevance -0
Alta vista
“Financial crisis” AND 2008 AND “market reaction”
boolean phrase
10/04/2011
More than 10 pages results
relevance -4
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