Support independence HSC 2007 - Concise

Support independence HSC 2007
Support independence in the task of daily living
HSC 2007 note: sections 2, 3, 4, 5, 6 must be assest at working enviroment when demonstrate written
1. Understand principles for supporting independence in the tasks of daily living:
1.1 explain how indiv. Can benefit from being as independent as possible in the tasks of living
Since Dementia take away slowly and gradualy all you are, ( in eyes of client and famillies) to be independent as much as possible is the most
important thing left:
– client wants to continue live normal live as long as possible and as much as possible.
– client does not want to be seen/ viewed by anynone as wonrluable of baren ( helps create feeling " I am still ok")
– helps to keep body ... Show more content on Helpwriting.net ...
Also help to create an mind set where " he can do it." ( you can stand up, we have done it few times already, just take your time)
1.6 Explain why it is important to establish roles and resposibilities for providing support :
Key and simple structure is very important and benefits everyone involved:
mangement – creating budget and finding best solution for client
RGN/ doctors– providing best medical care possible also ensuring right dose of medicaton and other
HCA– providing full support to client as well as providing real picture to RGN/ Doctors to keep data up to date.

One cannot exist without the other if there is a best interesst of client taken in consideration. By establishing clear structure and role with specifis
duties, everyone involved will know exactly what can/ cannot do, how and whom to speak to should problem arrived.
Very important part of all of this is family, but there are only informal part of care.
2. Be able to establish what support is required for daily living tasks:
2.1 Access information about support for daily living tasks, using an individual's care plan and agreed ways of working.: This can be done by pop in to
RGN office where clients files are kept and just ask to see
... Get more on HelpWriting.net ...

2007-2009 Financial Crisis
Almost 10 years after the Financial Crisis of 2007–2009, a great deal of confusion and doubt still lies within the minds of the people who were affected
by the crisis' overwhelming toll. The financial crisis is still considered relevant in the world's economy today not only because $16 dollars vanished
from the financial system, but also the financial recovery from the crisis is still in progress (Lam, NPR). There are multiple reasons to why the
Financial Crisis of 2007–2009 came into effect. However, the most identifiable origin for the cause of the financial crisis was the financiers of the
economy themselves. At the time of the crisis, the financiers of Wall St. believed to have eliminated most of their risk within the economy, when in
fact the financiers had only lost track of their risk. The Financial Crisis of 2007–2009 came into effect due to the burst of the United States real estate
bubble as well as the failed oversight of total risk in the economy by big bank financiers.
When looking back and analyzing the causes of the Financial Crisis of 2007–2009, one can find themselves first analyzing the United States real estate
industry. What seemed like a profitable and safe industry within the United States was without a doubt a ticking time bomb filled with toxic... Show
more content on Helpwriting.net ...
After the financial crisis came into effect the entire world received a wakeup call about their dependency of the success of United States economy
(Lam, NPR). The world economy is still dependent on the outright success of the United States of America. A financial crisis like the one in
2007–2009 only happens so often and is undoubtedly one for the history books. For a financial crisis like this to be averted in the future, the
borrowers and loaners within the financial system must not rely so heavily on the success of big

Personal Narrative: Throwback To 2007
Throwback to 2007, When I was 5, Life was good, And I was in kinder, I lived in California, and my house was a 5 minute walk to and from school.
One bright and sunny day, After recess I did not feel very well, My stomach was Hurting I felt dizzy and it was very hot, When my class and I got back
into the classroom my teacher had us draw and color, That's when I asked her I did not feel so well she asked me what was wrong and I told her what I
felt, She quickly wrote a pass for me to go see the nurse and I grabbed my backpack and headed to the nurses office. In the nurses office she took my
temperature, And asked me what was wrong Again as I told my teacher I told her I did not feel very well, After taking my temperature she left

The Financial Crisis Of 2007-08
Several factors lead to the 2008 financial crisis. The 1999 repeal of the Glass–Steagall Act effectively removed the separation between investment
banks and depository banks in the United States. Credit rating agencies failed to price the risk involved with mortgage–related financial products
accurately. The Government, concerned with not performing economically as well as the Clinton administration believed increasing home ownership
was the answer and reduced obstacles (like loan income/debt documentation). The world 's insurance companies began insuring mortgage instruments.
Excessive investment leverage, especially in the Banks and venture capitalist communities. And the Government did not adjust their regulatory
practices to address 21st–century financial markets– especially in credit default swaps (CDS). These factors set the stage for disaster and greedy
speculators wanting to short the housing market triggered it by systematically exposing the mortgage risks to the world.
The financial crisis of 2007–08, also known as the Global Financial Crisis, is considered by many economists to have been the worst financial crisis
since the Great Depression of the 1930s. Mr. Ben Bernanke, Chairman of the Federal Reserve at the time, believed it was equally problematic in many
ways; although unemployment only reached half the level due to the Fed's actions combined with a $700B stimulus. It collapsed large financial
institutions, and stock markets dropped to half their

The Financial Crisis Of 2007 / 2008
The financial crisis of 2007/2008 had a negative impact on the UK economy, resulting in low growth and high level of unemployment while inflation
constantly remained above the 2% target. In those extraordinary circumstances focus of monetary policy had to be on growth rather than reaching
inflation target, resulting in gradual reduction of the Bank rate from 5.75% in middle of 2007 to its lowest level of 0.5% in the beginning of 2009
(BoE, 2014). Although, a low interest rate led to significant depreciation of sterling, a tightening policy at that time would be a major mistake, that
could lead to deflation and depression, rather than recovery and inflation around target (Fisher, 2014). Despite any effort pursued by monetary policy
there ... Show more content on Helpwriting.net ...
Although GDP figure gradually improved, high quantity of electronic money created had a negative effect on inflation rate, increasing it even further to
5.2% in September 2011. Despite rise in inflation rate, the MPC continued quantitative easing (QE) programme, and in October 2011 purchased
additional ВЈ75 billion followed by ВЈ50 billion each time in February 2012 and July 2012, bringing total of purchased assets to ВЈ375 billion (BoE,
2014). To improve credit conditions and incentivise borrowing QE was supplemented with newly introduced the Funding for Lending Scheme (FLS),
and to ensure certainty in the future by forward guidance. These new tools were successful in bring inflation rate to target and support the economic
policy to stimulate growth and employment, however, there is downside. First, low interest rates had a significant impact on assets prices, particularly
housing prices, with the risk of creating a bubble. Second, the challenge the MPC is currently facing is how to exit QE programme without having
damaging effect on the economy and how to return to its conventional measures to maintain price stability.
Once a month the MPC sets up interest rate in order to pursue its primary objective to keep CPI inflation at the 2% target. Previously, the monetary
supply was adjusted through open market operations, although this function is no longer in use. If inflation was above the target, the MPC had to
increase interest rate, which would reduce demand for

The Rates Of 2007-2009 And The Inflation From 2002-2007
The periods that I researched were the periods between the unemployment rates of 2007–2009 and the inflation from 2002–2007. There were many
causes to the inflation in the 2002–2007. Similarly, there were quite a few causes to the unemployment rate of 2007–2009. The business cycle looks
like a roller coaster. It begins at a peak, drops to a bottom, climbs steeply, and then reaches another peak. Through a typicalbusiness cycle there is an
increase in the general price level of goods and services in an economy over a period of time which leads to inflation. There are also decreases in the
general price level of goods and services in an economy over a period of time. A peak in the business cycle is a temporary high point. A macro... Show
One of the most widely recognized indicators of a recession is higher unemployment rates. According to the National Bureau of Economic Research,
"In December 2007, the national unemployment rate was 5.0 percent, and it had been at or below that rate for the previous 30 months. At the end of
the recession, in June 2009, it was 9.5 percent". Of course unemployment is based on many factors which include those who are without jobs and are
actively seeking jobs, but does not include those who are discouraged workers. Many other factors also contribute to who is termed as unemployed
civilians. A recession is a downturn in the business cycle during which real GDP declines, business profits fall, the percentage of the workforce without
jobs rises, and capacity of production is underutilized. The employment decline experienced between the 2007 and 2009 recession was greater than that
of any recession of recent decades. The construction and manufacturing industries seen the largest percentage of declines in employment between 2007
and 2009. During the recent recession financial institutions experienced a 3.9–percent reduction in employment as well. This is very uncommon and
has not been seen since the 1990s. Prior to that was 1939.
During the recession periods of 2007 and 2009, the private sector experienced a total of 235,000 establishment deaths and 172,000 establishment births
resulting in a net decrease of

The Financial Crisis Of 2007
3.1 Background information In the words of Goodhart (2008), "the banking crisis of 2007 was seen in advance" (Goodhart, 2008). This is a result
of many different factors. To begin with, between 2001 and 2005, there were very low interest rates, particularly in China due to the Asian crisis of
the late 1990s. Because of this financial crisis, many people across Asia were saving instead of investing their money. In order to encourage people to
invest in the economy, the interest rates had to plummet to make spending more affordable. Economies exist by trading with one another and if one
economy isn 't doing so well, this effects economies worldwide and the USA began to worry about price deflation. During this period, developed
countries... Show more content on Helpwriting.net ...
Professionals say the short–term rates were too low, pulling longer–term mortgage rates down with them, Federals blame the savings glut in China.
Putting aside who is to blame, the fact remains that low interest rates were incentives for banks and hedge funds to seek riskier assets that offered
higher returns. As a result of the lower interest rates in America, the house market turned and pooling and financial engineering backfired. This caused
mortgage–backed securities to slump in value and as a result, it became difficult to sell assets at any price or use them for short–term funding (The
Economist, 2013). 3.3 Impact on Northern Rock Northern Rock used the prioritisation of mortgages to make a profit. January 2007 saw a ВЈ627m
profit (The Economist, 2007) and they quickly grew to own nearly 19% of the British mortgage market (Reed, 2007), however their heavy reliance on
wholesale funding made them vulnerable and the increased interest rates led to a slip in share prices. Knowing this, Northern Rock still increased the
dividend to its shareholders, although they were running dangerously low on cash. This meant that they were promising returns that they didn 't have
the money to pay out. The directors of Northern Rock approached the Bank of England who said it would be better to put the business up for sale,
however, there were no investors to buy it so the Central Bank had to offer emergency

Define: Introduction The Financial Crisis of 2007–2008 was considered to be the worst financial crisis since the Great Depression in the decade
preceding World War II. The Global Financial Crisis threatened large range of the financial organizations. Although the central banks and other
banks were trying to keep away from the crisis, the stock market still suffered a huge decline internationally. Other than the global stock market, the
house market was also influenced greatly, causing the unemployment, relocation and even the foreclosures. There was absolutely no doubt that the
2007/8 financial crisis brought failure and hard time to the business all over the world, especially the capitalist counties in North America and
Europe. Many factors had been discussed to be directly and indirectly caused the Great Recession in 2007 to 2008. After some deep analyses done
by the economists and experts, the developed country household debt with the Real estate bubble caused by the low tax lending standards, was the
most public belief that people considered as the major cause of the financial crisis. But, who and what was going to be responsible for The Financial
Crisis of 2007–2008? Who and What? Who and what should take the responsibility to the Financial Crisis of 2007/8 had been talked for a while in
the economy. It might be the Federal Government or the regulators; it could be the bank of the credit rating agencies; it may be the subprime lender
and agencies; or even all of

Causes And Effects Of The 2007
Sally MoolchanDate: December 13, 2015
The Cause and Effects of the 2007 to 2009 Financial Crisis
Financial crisis is a situation in which there are significant disruption in financial markets that is categorized by severe declines in asset prices and the
failures of many financial and nonfinancial firms. Some of world's greatest managed financial institutions went bankrupt and were striving for a bail
out which led to government intervention to prevent a significant recession. In 2007, United State experienced one of the worst financial crisis since the
Great depression of 1930s. The financial crisis lasted from December 2007 to June 2009 resulting in a global recession in 2009. The economic collapse
began when the U.S. housing ... Show more content on Helpwriting.net ...
This situation is known as "upside down" mortgage which lower the incentive for homeowners to continue to make their loan payments. As a result,
borrower default on their loan and financial institutions that distributed the loans stop receiving payments. Eventually financial institutions began to
reevaluating the riskiness of borrowers and making it difficult for borrowers to find creditors. According Eduardo Pol, the risk was shifted to the banks
through mortgage broker who created loans and sold them to the banks to securitize. (Pol, 2009).
As a result, the banking crisis was created in this movement because the mortgage agents had no incentive to evaluate the risk of the debt. Bank failures
was another major factor of the financial crisis because it had capability of creating too much money too rapidly and used it to push up houses prices
and increase the risk on financial markets. The crisis began with the credit crisis because several financial institutions issue or sold high–risk loans that
started to default. Financial institutions either do not charge sufficient interest on mortgages or consumers paid too much for the securitized loan. The
interest has to be paid on all the loans that banks make, and with the debt rising quicker than people incomes, it became difficult for people to pay their
monthly payments and eventually find themselves ended up bankrupt.
After the banking crisis

The Global Economic Crisis Of The Middle Of 2007 And...
Introduction
The finР°nСЃiР°l crisis of 2007/2008 was not Р° СЃР°sРµ of markets failing. InstРµР°d, it shows how markets ultimately rРµСЃtify their internal
shРѕrtСЃРѕmings. The global economic crisis started in the middle of 2007 and lasted about five years. The crisis was triggered by the bursting of a
housing bubble (Mishel, Bivens, Gould, & Shierholz, 2012). It was characterized by massive withdrawal of investors from markets as a result of
reduced confidence, volatile world stock markets and reduced liquidity for banks which were unable to offer or obtain credit. Some financial
institutions were facing the risk of collapse. Governments around the world rushed to save these institutions and cushion their economies from the
economic crunch through what were popularly referred to as economic stimulus programs. This essay discuses the causes, results and exists of the
financial crisis regarding financial market, financial institution, and central bank (monetary policy) of Greece or Ireland and Europe from 2007–2009.
Causes of the Financial Crisis
A country's trade balance depicts differences in income generation and domestic consumption. If a country's imports value exceeds its exports value, it
means that the country is 'living beyond its means'. To make up for the excess spending, the country must borrow funds from abroad. Similarly, if
finance investment spending exceeds domestic saving, foreign savings must be spent to fill the deficit. The amount of money a country borrows is

The most recent financial crisis of 2007 was felt throughout the world, and brought about huge economic consequences that are still being felt to this
day. Within the United States, the crisis undoubtedly resulted in a surge in poverty and unemployment, a significant drop in consumption, and the loss
of trust in the capitalist economic system. Because of globalization, this crisis was felt through the intertwined global markets, affecting underdeveloped
countries even more. Historical events from the past have taught us that financial crises such as the one we suffered during 2007 have occurred a vast
number of times. From Mexico to Thailand, these financial crises have resulted in contagion worldwide, and have caused governments to ... Show more
content on Helpwriting.net ...
Banks would lend money to these prospective home buyers without checking the amount of incoming and concurrent assets that they owned in
order to see if they would be able to repay the loan. These loans were then pooled and sold off to government financial institutions such as Fannie
Mae and Freddy Mac. Slowly, the homeowners were unable to repay their loans, which forced them to either sell their homes at a lower price or
foreclose, between September 2008 and September 2012 alone, 3.8 million U.S. property owners lost their homes (Balaam, 196). This severely
increased the mortgage loss rates for both lenders and investors; it became known as the subprime mortgage crisis. Eventually, government financial
institutions whom had bought these pooled mortgages filed for bankruptcy soon after, which had a chain–effect reaction throughout the entire
economic system both in the U.S. and around the world. Thus, it created what is now known as the most recent financial crisis. The U.S. government
immediately issued emergency loans and tried to increase the money supply, they extended these emergency loans to over 700 banks in order to
incentivize home, student, auto, and small business loans (Balaam, 194). By the end of 2008 the stock market in the United States and Europe had
suffered loses of over 40%; losses that until recently have recovered (Balaam, 194). The economic crisis resurged feelings of loss and insecurities that
were to some

The subprime financial crisis of 2007–2008 was brought on by much more than unethical traders. It consisted of multiple variables: the deterioration in
financial institutions' balance sheets, asset price decline, increase in interest rates, and an increase in market ambiguity. This in turn led to the
worsening of the adverse selection and moral hazard situation in the market, which led to a decline in economic activity, bringing forth the banking
crisis. After the banking crisis, an unanticipated drop in the price level led to the debt deflation. Thus, the factors causing for the financial crisis are as
listed: changes in assets market effects on financial institution's balance sheets, the banking crisis, an increase in market uncertainty, an increase in
interest rates, and government fiscal imbalances, and not only restricted to the unethical traders. The asset market effects of the financial crisis were
mainly driven by four different aspects: (i) the stock market decline (ii) the unanticipated decline in price level (iii) the unanticipated decline in the
value of domestic currency and (iv) asset–write downs. The decline in the stock market led to a lower net worth, where lenders became unwilling to
lend out funds. This in turn led a decline in investment and aggregate demand. The unanticipated decline in price levels led to high liabilities on the
institution's balance sheet. Since the debt contracts contain fixed nominal interest rate payments, a drop in the price

Essay on Hsc 2007
HSC 2007
1.1 Explain how individuals can benefit from being as independent as possible in the tasks of daily living?
Independence gives someone a feeling of control over their life, People feel more comfortable, safe and reassured when they can do things for
themselves and this also helps to uphold their self esteem and well being Individuals can benefit from being as independent as possible in the tasks of
daily living as it depicts that people having the same level of choice, control and freedom in their daily lives as any other person.
1.2 Explain how active participation promotes independents in the tasks of daily living?
Active involvement in learning to develop life skills can help people to become independent. Learning in a ... Show more content on Helpwriting.net ...
Never assume that if a person belongs to a certain group, they all hold the same preferences and beliefs, as this is not always the case. It is better to
involve the person actively and п¬Ѓnd out what their preferences are. If personal preferences are not respected, then this could not only oп¬Ђend the
person, but also they may avoid seeking support when they need it. Sensitivity should be exercised at all times.
1.5 Describe how to identify suitable opportunities for an individual to learn or practice skills for daily living?
People can learn practical living skills on a day–to–day basis. It is important therefore that care workers recognize opportunities and give the
appropriate support. If a person is living in a supported living environment, the opportunities to learn life skills can be eп¬Ђectively embedded on a
regular basis. For example, while the support workers helping the person to do their shopping use public transport or access a service such as a cinema,
there are opportunities to develop communication, organization and numeracy skills. When planning activities the support worker, with the person,
should recognize and seize opportunities for that person to develop valuable learning and life skills. Shopping trips can be a useful learning opportunity
– for example, when planning what is needed, writing lists, organizing where to go and keeping within

The Housing Market Of 2007
The Housing Market of 2007 has been described as one of the worst financial crisis since the great depression. Not because the actual hit of the
crisis, but because of the lingering effects that still plagues the United States and other countries today even in 2015. The United States economy
was not economically prepared for the crisis that presented itself in 2007. This financial crisis hit a variety of areas such as the housing market
which seemingly was one of the major causes of the financial. Causes of the Housing Market One of the major causes of the financial crisis was
the housing market. The housing market prior to the 2007 financial crisis was pretty good and stable. It was the American Dream to own your own
land which would be inclusive with a house. So prior to 2007 most Americans were buying into the American dream by buying housing even if they
could not afford to pay for these houses according to MoneyTalks.Com you are only supposed to 30% of what you earn towards a rent/mortgage.
This allows for breathing room for other areas of your income which includes savings, rainy day funds, and inflation. However as we know most
people do not abide by this rule according to statistics one in three Americans actually spend 66% of their earnings before taxes on housing according
to money.cnn.com . This as you can see is what

One of the most devastating aspects of the financial crisis of 2007–2008 to middle–class America was the crash of the housing market. Millions of
Americans were affected and faced foreclosures on homes that were purchased with subprime mortgages. The impact of these mortgages varied state to
state. Nevada, one of the countries leading tourist destinations, led the market in foreclosure rates and housing appraisal drops. The government 's
false sense of security in regards to the economy and the predatory lending practices of big banks such as Bank of America, JP Morgan and Wells
Fargo, impacted the housing market negatively and ultimately led to millions of people in debt and without a home.
Keywords: Bank of America, subprime mortgage–lending, financial crisis 2007–2008
The Financial Crises of 2007/2008:
A Look At Subprime Mortgages and the Big Banks' Role In the State of Nevada
Since the financial crises that the United States has endured since 2007, there are very few people, if any, that can say they have not been affected by
the economy. Middle class Americans have born the brunt of this crisis. Millions of Americans have lost jobs, grown further into debt, and have lost
their homes. The exorbitant amount of home foreclosures is now officially referred to as the housing crisis and there are states that have been
influenced at a staggering rate. The state of Nevada has seen the highest foreclosure rate of any state in the country for years. In fact,

The financial crisis of 2007–2009 resulted from a variety of external factors and market incentives, in combination with the housing price bubble in
the United States. When high levels of bank and consumer leverage appeared, rising consumption caused increasingly risky lending, shown in the
laxity in the standard of securities ' screening and riskier mortgages. As a consequence, the high default rate of these risky subprime mortgages
incurred the burst of the housing bubble and increased defaults. Finally, liquidity rapidly shrank in the United States, giving rise to the financial crisis
which later spread worldwide (Thakor, 2015). However, in the beginning of the era in which this chain of events took place, deregulation was widely
practiced, as the regulations and restrictions of the economic and business markets were regarded as barriers to further development (Orhangazi, 2014).
Expanded deregulation primarily influenced the factors leading to the crisis. The aim of this paper is to discuss whether or not deregulation was the
main underlying reason for the 2007/08 financial crisis. I will argue that deregulation was the underlying cause due to the fact that the most important
origins of the crisis – the explosion of financial innovation, leverage, securitisation, shadow banking and human greed – were based on deregulation.
My argument is presented in three stages. The first section examines deregulation policies which resulted in the expansion of financial innovation and

The 2007 Financial Crisis
The 2007 financial crisis is probably something that you haven't heard of. But the reality is that it happened a year before the big one. That is right.
There was a shock in 2007 that drove the global stock markets downward. At that time, a lot of people thought that this was an anomaly. In their
minds, the 2007 financial crisis was simply a bump on the road. It was like in 1987 when the US stock market crashed overnight. There was a steep
drop of stock prices at that time and people thought that the 2007 financial crisis was the same way. They though that it will just be a one–time thing.
On the other hand, people who were paying attention probably got all the signals that they needed to exit the market come to 2008 when it brought the
big... Show more content on Helpwriting.net ...
Having this kind of economy will basically set you up for a massive crash. The signs and the warnings were there. People can actually see that all
this easy credit is just going to lead to disaster. Unfortunately, most people just thought that the market will continue to go up for the reason that they
were making so much money. Nobody wants free food to stop. Sadly, that is what's happening now. We are currently in a bubble economy. All these
cheap money being used to buy up stocks in the United States and countries like the Philippines, Korea and Thailand, is actually "funny money".
This money became cheap because the United States deliberately destroyed its currency through quantitative easing. The US Federal reserve just
started printing out trillions of dollars worth of paper. Instead of this generating jobs in the United States or generating new business. it actually got
exported to weak economies like Philippines. Hence, the stock market doubled in price. This is what's happening. We are in a sad situation where the
US Federal reserve cannot reversed itself quickly. It knows full well that any abrupt stop to the easy money will cause a collapse in emerging markets
like Indonesia, the Philippines, Turkey and others. This collapse can also damage Wall Street. On the other hand,

The Second Chance Act Of 2007
Introduction
The Second Chance Act of 2007 (H.R. 1593) was signed by President George W. Bush in the year 2008. This act is also famous by the name
Community Safety through Recidivism Safety. Recidivism became a topic of focus since increasing numbers of inmates started getting let out in the
society. The key stakeholders of this act are the society at large, the inmates and especially their families (O 'Hear, 2007).
The Second Chance Act of 2007 can be quoted as
"To reauthorize the grant program for reentry of offenders into the community in the Omnibus Crime Control and Safe Streets Act of 1968, to improve
reentry planning and implementation, and for other purposes" (Library of Congress, 2008)
The main purpose of this act was to ensure that the juvenile and adult offenders and their families are facilitated to reenter the society. The main motive
was to increase and improve public safety and at the same time make sure that the increasing population of prison inmates getting reintroduced into
society is taken care of (Freudenberg, Daniels, Crum, Perkins, & Richie, 2005). Post the passing of legislation, there were a number of issues that were
brought up by the opposition.
One important point was why the "inmates" who had obviously committed felonies were given that many benefits. There were arguments that raised
concerns about the fact that the felons received more benefits than most of the people working with the United States Military (O 'Hear, 2007). The fact
that the

The Financial Collapse Of 2007 / 2008
The financial collapse of 2007/2008 was due to the significance of sub–prime mortgages and mortgage–backed securities. A sub–prime mortgage is a
mortgage given to individuals who are refused prime mortgages. Whilst mortgage–backed securities is when banks securitise mortgages by pooling
them together and then selling them to investors. Investors then receive monthly interest and principal payments, whilst banks receive a fee for the
sale. In 2007/2008 those who had sub–prime mortgages were failing to keep up with principal payments, which was exacerbated by rising interest rates.
Meanwhile, subprime mortgage–backed securities decreased in value forcing banks to sell them at low prices and incur a financial loss on those
remaining. Consequently, these factors made institutions suffer with reduced demands for mortgages, declines in stock prices, falling liquidity in the
market and having to write off millions of bad debt. As a result, this started the financial crisis of 2007/2008.
Opportunity cost is a more comprehensive and important concept than accounting cost because it allows firms to calculate their implicit cost. This
illustrates to firms the value of the lost alternative and also the opportunity cost of their output goods and services. For example, a new established
vehicle manufacturing company produces 2 trucks monthly. Accounting cost determines the company is making a profit when calculating their total
revenue minus explicit costs only. In addition, the company

Explaining the Decline of Business in 2007
At the onset of this project we came up with the claim that I could use the logarithmic and/or natural log to explain the decline in business. The
way in which this is to be accomplished is by taking all the sales figures from a 31 day period in 2007. We would then take another month with the
same 31 day period and take those figures. After graphing and comparing the two we postulate that the graphs would show the direct decline
graphically of what we will explain in this paper. After graphing the figures we saw that the mathematical model that we had previously used would
not be adequate with the explanation. So we then did another 31 day comparative between a 31 day period in 2007. Then again in 2013. These figures
were then compared to the national average for hotels for the same period. The interesting fact that came about was the direct correlation between the
falls in sales figures both nationally and here in south Florida and the corresponding securitization and real estate bubble burst. What we will do in the
following pages is explain what led up to the bubble burst as well as some of the mathematical approaches in explaining the bursts. Every economic
bubble in history started with reckless expansion of money supply and credit, reckless manipulation of interest rates, or government promotions of
"low–risk" something for nothing schemes. We saw this happen during the Reagan administration with the low interest rates given. Hence the new
popular movie Wolf on Wall

Rogers' Chocolates in 2007
Problem Statement Rogers' Chocolates is not using its core competency of strong retail sales ability and its distinctive competency of producing a wide
variety of high–quality, hand–wrapped chocolates to attract a sufficient market niche of worldwide tourists and high–income, middle–aged couples that
are mainly empty nested or child–free, so that they can maximize their market share and profit volumes in a rapidly growing market in which
globalization, product innovation toward a more health–conscious product, and growing buyer preferences are major driving forces. Their tremendous
ability in retail sales, in which their 11 stores accounted for 50% of total sales, and financial leverage have not been utilized to expand Rogers' to profit
... Show more content on Helpwriting.net ...
Next priority is the online and mail–order purchasers as the low–cost of sales and high reorder rate created high profit were a great way of attracting
global markets without spending large amounts of capital to expand. Wholesalers would come next as they contribute 30% of total sales and margins
are not as high as retail sales.
5. Since Rogers' has great credit worthiness and a great borrowing capacity, they could improve their CSR image by using that capacity to acquire its
supplier and provide them with organic and fair trade capabilities as well as increase manufacturing technologies. Not only will this help give Rogers'
a better social responsibility image, it will allow Rogers' to expand their product varieties and qualities even further to adapt to the emerging needs of
health–driven "chocaholics". By creating a wider variety of products, retail, wholesale, and online outlets will be able to satisfy more consumers,
thus increasing market share. A 2007 online study conducted by Image Power Green brands about attitudes and behaviors toward the chocolate
market has shifted dramatically; virtually 100% of those surveyed express some desire for greener practices, up from 58% a year ago (Kuhn). It also
states Endangered Species Chocolates' growth in the past year has increased 200% in its retail sales mainly due to their focus on

The definitive event of the early twenty–first century was The Financial Crisis of 2007–08. Since that event, scholars have tried to identify what the
causes and the effects of the crisis. The causes and effects of the collapse are varied and many scholars show a consensus about what these causes and
effects are. Scholars who researched The Financial Crisis of 2007–08 agree that bank deregulation starting in the early 1970's a major contributor. The
deregulation allowed for banks to increase in size by absorbing subsidiaries and allowed for banks to take more risks. Matthew Sherman dictates,
"Many argued that consolidation in banking was an inevitable evolution and championed it as financial 'modernization,' but the changes posed ... Show
K. Sabeel Rahman contends "As a substantive policy, the Glass–Steagall Act's separation of commercial and investment banking was seen as crucial to
preventing abuse by financial firms in selling securities". (Rahman 627). The idea behind stopping commercial and investment bank mergers was to
avoid conflicts of interests that could cause harm to the consumer and potentially wreak the financial system. Rahman continues, "Thus the primary
arguments in favor of Glass–Steagall revolved around the need to curb conflicts of interest" (Rahman 629). Glass–Steagall was successful as it stopped
banks from taking depositor money and using that money to buy securities and other financial instruments and then turning around and marketing those
assets to consumers as well as their own depositors.
Other scholars, like Janice McClendon, point out that investment banks would create securities that were based of other basic assets that originated at
the commercial bank. Two such securities that were core to the crisis weremortgage–backed securities (MBSs) and collateralized debt obligations
(CDOs). Janice McClendon contends, "The underpinnings of the global financial crisis can be traced back to the development of primary and
secondary residential housing mortgage markets and the securitization of these mortgages into investment–grade mortgage–backed securities ('MBS' or
'MBSs')" (McClendon

The Global Financial Crisis of 2007–2008
The Global Financial Crisis 2007–2008 Economists and scholars spend years dissecting financial markets and evaluating the causes of booms and
busts. Throughout United States history there have been multiple economic booms that were underestimated and followed by recessions. In the
situation of the 2007–2008 global financial crisis many culprits have been identified as causes, such as loose monetary policy, credit booms,
deregulation, over complexity, and greed. Since the economic boom was solely dependent on weak policies and misconceptions, this leads me to
believe prevention was possible with adequate regulatory policy, risk assessment and clarifications for commercial banks.
Monetary ... Show more content on Helpwriting.net ...
Generally homeowners were required to meet certain qualifications in order to borrow funds for mortgages, also known as prime mortgages. Since the
prime mortgage market had receded, lenders were encouraged to lower their requirements for lending and began to allow subprime mortgages. These
less responsible homeowners began to default on their mortgages, which turned investment bankers' stream of mortgage payments into empty houses.
Increases in foreclosures raise the supply of available houses, which lowers the fair market values of houses. The prime mortgage homeowners were left
with houses that were highly devalued relative to their mortgages and began to abandon their mortgage obligations. Mortgage lenders, investment
bankers, and outside investors froze their activities, as they faced possible bankruptcy.
Regulatory/Supervisory Inadequacies Deregulation is believed to be the underlying cause of all economic downturns, as its scope of responsibility
reaches all markets. In the 1930s the United States experienced a bank crisis that sparked a widespread distrust in the banking system and people
withdrew their money from the depository institutions overnight. The sudden retraction of the money supply from the economy caused many banks to
close and the economy to suffer. The Banking Act of 1933, also known as the Glass–Steagall Act, was created to insure depositors'

Ap Dbq 2007
American agriculture greatly changed during 1865 to 1900 through technological advances and railroads spreading across the nation, both modernizing
agriculture. New technological advances made farming easier with new inventions such as barbed wire and reapers. However, new technology
advancements became too expensive for average American farmers to afford. Economic conditions became intolerable for farmers as railroad
companies charged high shipping rates. In the government, policies were made that favored big corporations, such as railroad companies over the small
farmers that made agriculture suffer in the end. Technology, government policies, and economic conditions, effectively declined agriculture due to
overproduction and deflation, ... Show more content on Helpwriting.net ...
Other than overproduction, another economic issue that drastically effected farmers was the Panic of 1893 that left millions of Americans
unemployed, hungry, and homeless. In Susan Orcutt's leter to Lorenzo D. Lewelling, she states, "I had the prettiest garden that you ever seen and the
hail ruined it and I have nothing to look at my husband went a way to find work and came home last night and told me that would have to Starve he
has bin in ten countys and did not get no work." (Document H). Economic conditions such as overproduction, the Panic of 1893, and sharecropping
systems that developed from it only led to the downfall of farmers.
The booming industry also changed agriculture by creating monopolies where they only gained substantial wealth leaving farmers with nothing. This
shows how government policies usually favored policies that supported large corporations consequently leaving farmers to suffer. For example the
expansion of railroads would not have been possible without huge subsidies and land grants from the government. The Pacific Railroad Way Act of
1862 may have contributed the most to the expansion of railroads, as the act had provided huge land grants and subsidies to help build railroads. As
mentioned earlier with the invention of the railroad came the invention of shipping costs which farmers were very dissatisfied with. To explain further,
it states in the Prairie Farmer of 1877, "Some time ago they carried a law through the Illinois

The Mortgage Crisis Of 2007
The mortgage crisis of 2007 marked catastrophe for millions of homeowners who suffered from foreclosure and short sales. Most of the problems
involving the foreclosing of families' homes could boil down to risky borrowing and lending. Lenders were pushed to ensure families would be
eligible for a loan, when in previous years the same families would have been deemed too high–risk to obtain any kind of loan. With the increase in
high–risk families obtaining loans, there was a huge increase in home buyers and subsequently a rapid increase in home prices. As a result, prices
peaked and then began falling just as fast as they rose. Soon after families began to default on their mortgages forcing them either into foreclosure or
short sales. Who was to blame for the risky lending and borrowing that caused the mortgage meltdown? Many might blame the company Fannie Mae
and Freddie Mac, but in reality the entire system of buying and selling and free market failed home owners and the housing economy. However,
hope might be on the horizon for the victims of the mortgage disaster of 2007/2008. Home buyers who were foreclosed upon years ago, or
boomerang buyers, are beginning to be eligible to buy homes again. While some feel hope after feeling bamboozled by lenders and Fannie Mae and
Freddie Mac, some feel anxious and fearful of the thought of buying again. Yet there are lessons that have been learned by the mortgage meltdown.
Fannie Mae and Freddie Mac provided a lesson for the

An excess of regulation, rather than an insufficiency of it, was the principal cause of the recent credit crunch. The financial crisis of 2007–2008, also
known as the Global Financial Crisis and 2008 financial crisis, is considered by some economists such as Nouriel Roubini, professor of economics
and international business at New York University, Kenneth Rogoff, professor of economics and public policy at Harvard University, and Nariman
Behravesh, chief economist and executive vice president for IHS Global Insight, to have been the worst financial crisis since the Great Depression
of the 1930s. All of them agreed that this is a "one in fifty years event", however the latest Great Recession is not a typical cyclical recession of the
World Economy and no doubt will last for more that usual two years (Business Wire, Reuters). The crisis played a significant role in the failure of key
businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global
recession and contributing to the European sovereign–debt crisis. (M. N. Baily, D. J. Elliott, 2009). So what are the cР°uses of this crisis? MР°ny
factors dirРµctly and indirectly caused the Great Recession, with expРµrts plР°cing different weights upon pР°rticular causes. Major cР°uses of the
initial sub–prime mortgage crisis and following recession include: InternР°tional trade imbalances and tax lending stР°ndards contributing to high
levels of dРµveloped

The Financial Crisis Of 2007 Essay
Seven billion people affected. How can a single screw up lead to a mess that not even governments can fix? How can something so severe continue
to damage countries financially 5 years after it began? Many people didn't see it coming. But what's worse is that the people that did see it coming,
contributed to it. Yes. They fueled this mess. And now we can't get out of it. This is the financial crisis of 2007 . Let's dig in to where it all began. The
subprime mortgage crisis was a result of mortgage brokers selling mortgage products to people with terrible credit, no down payments for the house, no
stable income into the home, and basically no nothing instead of selling it to responsible people who they knew would not default on their mortgage.
(Let's call the reliable homeowners prime and the unreliable ones sub–prime for times sake). They would give out home mortgages to everyone
knowing that they wouldn't be responsible for the mortgage that they give out, but that they would be able to sell them to investment bankers, who
would then sell them to investors, hedge funds, etc or at least be left with a house as housing prices always rise. But let's start from the beginning of
how this whole mess started. So Wall St. hatched an idea to connect investors to home owners through mortgages. A family decides that they want to
purchase a house so they save up for a down payment and then contact a mortgage broker who connects them to a mortgage lender who sells them a
mortgage. The

The Events Of The 2007 Tragedy
Crisis Management – CA Virginia Tech Tragedy (2007) Background April 16th, 2007 is remembered as a day that saw one of the single deadliest
gunman shootings in recent history which a seemingly normal college student, Cho Seung–Hui, murder 32 people on campus grounds within a two
and a half hour time–frame. Nine years have passed since the fatal tragedy occurred and the repercussions have laid the grounds ever since for the
method colleges and educational facilities, the world over, approach crisis planning with a mind to minimise the severity, should such a terrible
incident arise, and restore a safe and placid environment for all involved. This report will critically analyse the steps surrounding the events of the
2007 tragedy and offer suggestions as to how such a sensitive topic should be considered today. Planning After the fallout of Virginia Tech, third
–level
institutions made it a priority to have protocols in place if ever such a similar event were to happen to their communities. With similar incidents
having happened in familiar circumstances before, it had become clear that preparation for any and all crisis matters was crucial in the society we
live in (Barker and Yoder, 2016). A near decade prior, 'Early Warning, Timely Response: A Guide to Safe Schools', was published by the U.S.
Department of Education and the U.S. Department of Justice following the 1998 Thurston High School shooting. The guide set out to be "seen as part
of an overall effort to make sure

In regards to the Financial Crisis of 2007–2009, a few conceivable reasons can be taken into consideration. For instance, high consumer deficit, high
corporate deficit, complex money related securities, transient subsidizing markets got to be vital, extensively feeble administrative/business sector
controls, shortcoming in the share trading system, shortcoming in the housing business sector, as well as worldwide monetary shortcomings. Besides
the previously mention examples, the untrustworthy conduct by budgetary organizations, the disappointment of the national bank to stop lethal home
loans, and over–obtaining by consumers can also be incorporated and taken into account. The effect of the monetary crisis from the perspective of firms
was that they confronted declining interest for their products. The organizations thought that it was hard to acquire reserves, in light of the fact that the
banks' trust in them had declined. Moreover, the organizations confronted solid rivalry from outside organizations. The likelihood of bankruptcy
lingered. From the point of view of investors, the crisis implied conceivable loss of stores and loss of avenues to contribute (Carbaugh, 2006). The
financial specialists expected to hunt down more... Show more content on Helpwriting.net ...
Social pressures expanded. There were clashes and the political class was considered in charge of the monetary crisis. Nonetheless, the administration
should salvage extensive organizations, like the AIG. The explanation behind it is that such organizations have a noteworthy part in their industry. On
the off chance that they go bankrupt, then the business suffers. Further, there will be an extensive number of clients of these organizations that will
lose capital. Not to mention, that the trust in such key businesses will be lost. These negative effects could stagnate the economy and can prompt
expanded

The Financial Crisis of 2007-2008
The financial crisis of 2007–2008 had more sounding effects on financial institutions even greater than the crisis brought about by the stocks
downfall in the 1990's. The reason for this is that the financial institutions were at the centre of the whole crisis. And financial institutions being one
of the key pillars in a country's economy, the crisis was bound to have a big effect in US as a whole. So, in order to understand what rely happened,
it is wise to go through the paper written by Nicholas Barberis about the whole crisis (Barberis, 2011). The common feeling about the whole crisis
according to Nicholas Barberis was that there was a real estate 'bubble'; for various reasons houses prices had hit a high mark by 2006. Now several
theories have been delivered as people try to find an explanation to this. Of the most used explanation, people believe that rise house price labelled
real estate a very lucrative business thus investors flooded to banks to ask sublime loans as they were sure returns were very high even to cover the
high loan interest (Barberis, 2011).
According to Nicholas, the one model that is useful to explaining the behaviour of real estate during that time is the 'belief based model'. The basis of
the model is that people tend to have the mentality that a trend in the past will continue in the future, and thus they end up making big decisions based
on that belief. Applying this model, Nicholas explains that home buyers may have seen the rising

Introduction
The financial crisis of 2007 arose when banks, such as HSBC announced losses due to mortgages in the US housing market (BBC News – Global
recession timeline, 2016). The crisis had a global impact as financial systems are interconnected. This crisis had huge impacts in many countries. In
fact, in 2009, the UK Chancellor, Alistair Darling announced that the UK had a record debt of ВЈ175 billion (BBC NEWS | UK | UK Politics | Tax
rise as UK debt hits record, 2016). This report will analyze this Financial Crisis. Firstly, the reasons for which the banks failed will be discussed and
the future of such failing banks will then be analyzed. This report will then examine how to avoid a similar crisis in the future and the current and
future legal regulations of the banking system.
Reasons for Banks Failure
The financial crisis of 2007 is well thought off by numerous economists to have been the biggest financial crisis since the Great Depression of the
1930s. Mortgage is one of the reasons why the bank crisis occurred. The banking crisis happened because the mortgages broker had no encouragement
to determine the risk of the loans (imf.org, 2016). They were long–term loans expressed by the Bank or Building Society from depositor properties
protected on physical asset. The risk is estimated on foundation of house owner's capability to pay the allowance such as job prospects etc. The idiom
Big Bang, used in reference to the unexpected deregulation of financial

The financial crisis of 2007–08, also known as the Global Financial Crisis, is considered by many economists to have been the worst financial crisis
since the Great Depression of the 1930s. Mr. Ben Bernanke, Chairman of the Federal Reserve at the time, believed it was equally problematic in many
ways; although unemployment only reached half the level due to the Fed's actions combined with a $700B stimulus. It collapsed large financial
institutions, and stock markets dropped to half their pre–crisis level. The surface cause was the bursting of the U.S. housing bubble, which had peaked
in 2004, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.
Several factors lead to the 2008 financial crisis. First, the 1999 repeal of the Glass–Steagall Act effectively removed the separation between investment
banks and depository banks in the United States. Second, credit rating agencies failed to accurately price the risk involved with mortgage–related
financial products. Third, the Government, concerned with not performing economically as well as the Clinton administration believed increasing
home ownership was the answer and reduced regulatory obstacles (like loan income/debt documentation). Forth, the world 's insurance companies
began insuring bundled mortgage instruments. Fifth, there was excessive investment leverage, especially in the Banks and venture capital
communities. Sixth, the Government did not adjust

2007/09 Financial Crisis
Risk management is a critical issue as all institutions, financial and non–financial, are laden with huge degree of uncertainty. The role of risk
management is to help a firm assess the risks that it faces, communicate these risks to the managers of the firm who make decisions concerning risks
and manages those risks to ensure that the firm only bears the risks that are within its risk appetite and tolerance. Some risk analysts employ the use of
statistical distributions and the correlation among them to aid corporate decision makers on matters concerning risk. However, since the financial
crisis, there has been almost a general agreement among financial regulators that flaws in risk management played a major role in worsening the crisis.
According to an investigation done by Dr. Simon Ashby in an article, "The 2007/09 Financial Crisis: Learning the risk management lessons",
interviews conducted with about 20 senior risk management officials' show a common theme among their responses. Majority of them believe that
some financial institutions did not properly implement risk management that were aligned with accepted good practices and too much trust was placed
in ... Show more content on Helpwriting.net ...
The decline in favor of quantitative methods has caused cynics to suggest that risk management should involve more than just measuring risk and
should include qualitative approaches. Their argument is that qualitative approaches would help managers to see how a good project can turn bad and
how their firms would fare under different scenarios.2
Despite the decline in the use of quantitative risk analysis, it is still important to note that risks still exists and risk management has a valuable function
to companies. The question that should pose company officials is, "how can a company make its risk management function become more effectual and

Eu Enlargement 2004 2007
The Economic Impact of the 2004 and 2007 Enlargements on the European Union
Task:
В„Critically Discuss the Economic and Political Impact of the 2004 and 2007 Enlargements on the European Union"
The following text deals with the most recent enlargements of the European Union which took place in 2004 and 2007, also referred to as the 10+2
Round. In contrast the term EU–15 is used to describe the states which made up the EU before the 2004 and 2007 enlargements. The issue that is being
discussed relates to the economic impact of this enlargement round on the European Union. For practical reasons only some aspects of the economic
impact on the European Union will be discussed. This seems to be an important issue since the 10+2 round ... Show more content on Helpwriting.net ...
And secondly the members who are net–contributers to the Community budget wish the level of budgetary expenditures to stay the same since there
has not yet been an agreement on a financing system which is more fair.(Mayhem 2000, p.7)
This keeps the costs of enlargement relatively cheap for the EU in terms of finances but the economic weaknesss of the acceding members may be
wrongly assesed and insufficiently supported.(Baltas 2004, p.147)
If we look at the economic structures of the new member states we find that they contribute a large but rather inefficient agricutural sector: "In total,
enlargement to the CEECs will more than double the size of the EU 's agricultural labour force, increase its agricutural area by about a half, but raise
its output by about only 12 percent"(Nugent 2004, p.14) The problem here is similar to that facing cohesion funding and so is the solution. Common
Agricultural Policy(CAP) support was to be gradually phased–in up to 2013. The change in the agricultural sector induced by the new member states is
one of the reasons why there have been debates on agricultural reform and it will be a key issue in the enlarged EU.
The are several reasons why the EU–15 made a modest financial support for enlargement. Scarcity of financial means imposed by the European
Monetary Union(EMU) is one of them. The paymaster of

The Financial Crisis of 2007-2009
In the 1930s the United States was hit by far the worst financial crisis that it has ever encountered, which was called The Great Depression, but the
second worst was not that long ago. During the Financial Crisis of 2007–2009 the United States had a chain of banking failures and a tremendous
growth of liability in the federal budget. However, the government had stepped in to prevent some of these failures and through this the concept of
"Too Big To Fail" was created.
"Too Big To Fail" is a concept where a business or financial institution has become so large and embedded in the nations economy that it would cause
a tragic effect if it were to fail. However, a government will deliver support and guidance to prevent theses fine businesses and financial institutions
from failure. If one of these businesses or financial institutions were to fail it would cause a catastrophic ripple effect throughout the economy. If
company that is considered a "too big to fail" company has problems within the company or from outside the company the government will be lured
into saving it through a bailout or by a guarantee of specific loans or if a private company will arise and take over the company. Government bailouts
might help the company continue their services; however, various counterparties think that government bailouts or intervention with the failing
company is counterproductive and should simply be allowed to fail.
Along with the concept of "too big to fail" there are risks they

2007-08 Recession
Causes of 2007–08 recession
The major causes of the great recession of 2007–8 were caused by the first subprime mortgages. The Federal Reserve's failure to curb the unnecessary
loans, taking too much risk, financial firms acting recklessly, explosive mix of borrowing, missing a full comprehension of the financial system and
fissures in accountability formed the backbone of 2007–8 recessions. Moreover, during 2007–8, many financial institutions lower credit standards to
accommodate the large demand for loans securities with an ill intention to create huge profits to share which greatly became a source for the economic
recession during the 2007–8 err. The international trade imbalances and lax lending contributed to the high levels leading to recession. Consequently,
the recession was caused by the significant increase in savings that were supposed to be ... Show more content on Helpwriting.net ...
This move led to $700 billion bailout and bankruptcies resulting to declining of employment and finally causing the economic recession.
Consequences of 2007–8 recessions
Unemployment
The recession of 2007–8 resulted in the great number of unemployment as illustrated previous by the DKs curve that suggested an increase in
unemployment leads to decreased inflation (Arnold, 2010). Many people become jobless as the banks and other financial institutions started focusing
over injecting money into the economy. This problem was to be corrected by reducing government expenditure. By doing so many people lost jobs and
employment was greatly reduced.
Decline in the housing market
The recession greatly affected the housing investments as housing slump was set off. The investors were unable to flip their homes for a quick profit.
Also, the adjustable rates of mortgages were increasing making it hard to get a mortgage.
Collapse of financial

Introduction The financial crisis that happened during 2007–09 was considered the worst financial crisis in the world since the great depression in the
1930s. It leads to a series of banking failures and also prolonged recession, which have affected millions of Americans and paralyzed the whole
financial system. Although it was happened a long time ago, the side effects are still having implications for the economy now. This has become an
enormously common topic among economists, hence it plays an extremely important role in the economy. There are many questions that were asked
about the financial crisis, one of the most common question that dragged attention was ''How did the government (Federal Reserve) contributed to the
financial crisis?'' In this essay, I will briefly explain what happened during the financial crisis of 2007–09, and also discuss the contribution of the
government to the financial crisis. What leads to the financial crisis? The financial crisis did not happen in a day or two, it was triggered by a variety
of events that happened.in years ago. In year 1998, The Glass–Steagall legislation was repealed, it is a legislation that separated investments and
commercial banking activities in the financial sector. This act then allowed banks in the US to act in both the commercial and investment fields, which
allowed them to participate in highly risky business. This is somehow responsible for the mortgage–backed derivatives, which is a main cause of the

Difference Between Mental Health Act 2007 And 2007
Mental Health Act 1983 and 2007, for somebody to be treated as mental illness or mental disorder the Mental Health Act must also be involved. The
Mental Health Act was started in the 1983 and was then amended in the 2007. The Mental Health Act 2007 was also amended the Mental Capacity Act
2005. The Mental Health Act 1983 was covering the following mental health disorder such as mental illness, mental impairment, severe mental
impairment and psychopathic disorder. Then it was later amended in Mental Health Act 2007 which has provided a definition of a 'mental disorder' has
does two things by improving the understanding of who can be treated under the Health Act and has increased the number of illness and disorders that
can lead to the detention

Financial Crisis of 2007 How an attempt to avoid a bubble, led to a crash that brought a country near to complete collapse. Essay for Mn2101
Financial Management by Shreya Lodhia 139030749. Word count: 2172 (2214– including titles/headings/subheadings.) CONTENTS пЃ¶Introduction2
пЃ¶Causes of the crash3 пЃ¶Effects today6 пЃ¶Why interest rates are low8 пЃ¶Future of the interest rates9 пЃ¶Conclusion10 пЃ¶References11
пЃ¶Appendix14 Financial Crisis of 2007 How an attempt to avoid a bubble, led to a crash that brought a country near to complete collapse.
Introduction The Financial crisis of 2007 was one of the largest crises the world had faced since 1980, which almost brought the economy of one
of the strongest and largest country, USA, to a near collapse in 2008/9. It was triggered by the housing bubble bust, which had taken place due to
the creation of toxic subprime mortgages. The increase in irresponsible lending, as well as extreme borrowing through the use of exceptional
securities, made the economy highly geared. With a reality being uncovered, of the reckless borrowing and lending by large financial institutions, the
curtains came down quickly. The first part of this essay will be examining the cause of the financial crash followed by the effects of the crash on the
economy today. The last part of the essay will be addressing the issue of why interest rates have remained low and my views on whether

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