Special Reports:Global Economic Crisis;U.S. financial Crisis

[pthakur]

Special Reports:Global Economic Crisis;U.S. financial Crisis: Troubled
Asset Relief Program-2008; The subprime mortgage crisis: An Overview;
Subprime crisis impact timeline & United States housing bubble

--------------------------------------------------------------------------------------------------------

Global Economic Crisis: An Overview

In 2008, the possibility of an economic crisis was suggested by
several important indicators of economic downturn worldwide. These
included high oil prices, which led to both high food prices (due to a
dependence of food production on oil production) and global inflation;
a substantial credit crisis leading to the bankruptcy of several large
and well established investment banks; increased unemployment; and the
possibility of a global recession developed.

See More: http://infoclickindia.com/article.php?art_id=1597

-----------------------------------------------------------------------------------------------



U.S. financial Crisis: Troubled Asset Relief Program-2008

Following the bankruptcy of Lehman Brothers and the sale of Merrill
Lynch to Bank of America on September 14, 2008, and the sudden bailout
of American International Group by the Federal Reserve on September
16, 2008—events considered part of the on-going financial crisis of
2007–2008—the United States Secretary of the Treasury Henry Paulson
proposed his Troubled Asset Relief Program on September 20. As
originally proposed, the plan would give absolute and un-reviewable
authority to purchase up to US$700 billion of mortgage-backed
securities from financial institutions for the purpose of stabilizing
the market.

See More: http://infoclickindia.com/article.php?art_id=1593

------------------------------------------------------------------------------------

The subprime mortgage crisis: An Overview

The subprime mortgage crisis is an ongoing economic problem which
became more apparent during 2007 and 2008, and is characterized by
contracted liquidity in the global credit markets and banking system.
The downturn in the U.S. housing market, risky lending and borrowing
practices, and excessive individual and corporate debt levels have
caused multiple adverse effects on the world economy. The crisis has
passed through various stages, exposing pervasive weaknesses in the
global financial system and regulatory framework.

See More: http://infoclickindia.com/article.php?art_id=1594

--------------------------------------------------------------------------------------

Subprime crisis impact timeline

The subprime crisis impact timeline begins with a context that
includes government regulation and subsidization of the mortgage loan
industry, the Dot-com bubble, the early 2000s recession, United States
housing bubble, and the 2005 housing bubble burst (or market
correction) which resulted in the subprime mortgage crisis which
developed thereafter.

See More: http://infoclickindia.com/article.php?art_id=1595

--------------------------------------------------------------------------------------

United States housing bubble

The United States housing bubble is an economic bubble in many parts
of the United States housing market including areas of California,
Florida, New York, Michigan, the Northeast Corridor, and the Southwest
markets. On a national level, housing prices peaked in early 2005,
began declining in 2006 and have not yet bottomed. Increased
foreclosure rates in 2006–2007 by U.S. homeowners led to a crisis in
August 2007 for the subprime, Alt-A, CDO, CDX, mortgage, credit, hedge
fund, and foreign bank markets. In October 2007 the U.S. Treasury
Secretary called the bursting housing bubble "the most significant
risk to our economy."

See More: http://infoclickindia.com/article.php?art_id=1596