TITLE

CAUSES AND CONSEQUENCES OF THE FINANCIAL CRISIS OF 2007-2009

AUTHOR(S)
Poole, William
PUB. DATE
March 2010
SOURCE
Harvard Journal of Law & Public Policy;Spring2010, Vol. 33 Issue 2, p421
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the alleged causes and consequences of the financial crisis experienced by the U.S. from 2007 to 2009. The author gives a chronology of the financial crisis from the time it started in mid-August 2007 to December 2008 where the economic activity declined sharply. He also highlights the conditions that led to the crisis including underwriting standards for subprime mortgages deteriorated and lending to households without adequate income or assets.
ACCESSION #
50882327

 

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