The Giant Pool Of Money

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http://www.spirobolos.com/2008/11/giant-pool-of-money.html for a full explanation of this assignment for high school students.

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The Giant Pool Of Money

  1. 1. Alex B.                                                                     1           Awards for starting Global Financial Crisis...         ...Meanwhile in Brooklyn Source
  2. 2. Gordie C 2 Source 1 Source 2
  3. 3. A The Crisis Started from NINA loans. Sheffield, D. 3 source source source
  4. 4. Jillian F                                                                           4 I have a job... Loan me     $540,000 SOURCE
  5. 5. Meredith G 5 "duped by a lying, greedy mortgage banker" Meredith G 5 Source
  6. 6. Global Pool   70,000,000,000,000 Maddie H. #6 SOURCE
  7. 7. Matt H. This number ($36 trillion) doubled since 2000. #7 Source
  8. 8. 8 Kelly H The world couldn't handle all the money        source1     source 2
  9. 9.               Hey,      giant pool of money        screw you Matt L. Matt L.                                                9                    Picture of greenspan                      speech Bubble  
  10. 10. Walt Lyon                                                                                      10   Homeowners paying 9%... Global pool wants in. Source
  11. 11.   <ul><li>Maddie M. </li></ul><ul><li>#11. </li></ul>  Americans   Banks Investment Firms Investors GPM Maddie M. SOURCE 11
  12. 12. Danny M. #12 SOURCE ...Like toys for investors to play with
  13. 13. Bankers buy individual mortgages from brokers Brittany R. #13 Source
  14. 14.   Banks lowered standards, allowing unqualified loans Meanwhile...       Source   Ellery R.   14
  15. 15.    Mortgages bundled and sold to Wall Street Jack R. Source #15
  16. 16. Kimber S. 16 Wall Street Global Money Pool SELLS to Source
  17. 17. Casey Santi                                                     Meanwhile... Casey S.   17 &quot;Housing  prices were rising, fast.&quot;
  18. 18. Claire S. <ul><li>18 </li></ul>Once one company said yes... Source 1         Source 2 Source 3         Source 4         
  19. 19. Teresa T. &quot;cubicle, cubicle, cubicle for 150,000 feet&quot; &quot;That's all we did&quot; #19 Source
  20. 20. sources 20 Now we were the cool guys . Miles T-G source source source
  21. 21. Abby T 21 “ We’re setting you up to lie” Source
  22. 22. Matt B Greed   + Wrong Data = DISASTER 22 SOURCE SOURCE
  23. 23. Steve B.                                                                    #23                                             SOURCE SOURCE   SOURCE &quot;Smart people... fooled themselves with this data&quot;
  24. 24. Shannon C 24 Agencies Considered them Safe... ... Trusting False Data SOURCE
  25. 25. SOURCE    
  26. 26. Leslie C 26
  27. 27. 27 Victoria E. 27 Source BBB &quot;They're so high-risk, they're toxic.&quot;
  28. 28. Jeremy F # 28 BUY R E N O V A T E S E L L Source
  29. 29. Source                       Brian F                                                   #29
  30. 30. Source                     Default = Marketed House No Buyers = Price Drop     CarrieF.                                                        # 30
  31. 31. Adam G. #31   Paid all debts, went further into debt   Source Source
  32. 32. Kate H.     #32   Not  the little banks money Kate H. Source Source
  33. 33.   Luke H.G.                                                                                                                                                                                             33                                                                                    &quot;And have you made mortgage payments?  No.&quot; Hyperlink
  34. 34. fighting to keep homes. Americans SOURCE 2 SOURCE 1 Andrea K                                                                                   34 NO BUYERS
  35. 35. Jackie Lungmus # 35 Today. Today. Jackie L   SOURCE 35
  36. 36. Madeline O.                                                                            36 Loan Money SOURCE Didn't make enough, loan said something different.
  37. 37. Christy P. 37 Christy P. 37 to  almost anyone . Loans were available...   SOURCE  
  38. 38.     One office owns 16 million homes...               38
  39. 39.   39 39 Zack P cccc36c36 cc3cc36c6 cc333cc63 cc663c63c 9cccc66c3 16 Million Loans Source
  40. 40. John P. 40 Half... Empty. Source
  41. 41. SOURCE NO RISK                                           NO   REWARD               MAX R. 41    picture                
  42. 42. Alex S. 42 Unemployment keeps creeping up... We're just stuck Source

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