hey everyone!
our economy teacher showed us a movie called "inside job"… It was about the great recession that happened in about 2008.
Then he told us to write an essay about what organizations or people to blame for this recession.
He told us to choose 2 options out of this 5 categories and support
our idea.
-Banking
-credit history
-Higher education
-Government
-Public
The problem is that I really don't understand what were the role of all of these, I mean,It's really confusing!
Our teacher told something about mortgages that banks offered to risky people with low interest and then they sold all the mortgages to something or someone else and he said somethings about CDO and Lehman Brothers and. Which I have no idea about!
can somebody help me with any of these? Please explain the role of any of these 5 organizations in the great recession.
I really appreciate!
Thanks a lot! :)
Added (1). http://www.youtube.com/playlist?list=PLD6679912D2581C3F
here's a link for all of the Inside Job movie clips. :)
Read more: What organizations or who to blame for the great recession? (based on Inside Job movie)?
