Lesson 9: Housing Market Collapse and Foreclosure Tsunami 2008-2012
September 19, 2016
Mon, Sep 19
Review:
- Deregulation and the 2008 Housing Crisis
Presentation:
- Home Price Index (HPI): Bubble, Bust and Recovery
- Mortgage Meltdown as reported on CBS 60 Minutes
- US Mortgage Meltdown (May 2008; 14 min)
- Walking Away from Underwater Mortgages (May 2010; 12 min)
- Neighborhood Deterioration (Dec 2011; 13 min; start at 2 min)
Assignment:
- Prepare for “Trial of the Federal Reserve”
- Watch final 45 min of Money for Nothing: Inside the Federal Reserve (begin at 1:02)
- Consider recommendations:
- Appropriate regulations for Banking industry?
- Appropriate monetary policy?
- Read my “Banks are Destroying America’s Neighborhoods” blog posts (2012)
