SOCI 1F90 Lecture Notes - Lecture 11: Securitization, Economic Bubble
Document Summary
Poliics (poliical players, lobby groups etc. , especially in the us) 90"s crisis, internet stocks, major investment losses (investment banks promoted internet companies they knew would fail) Numerous accounts of fraud, large ines (investment irms wouldn"t admit any wrong doing in court cases) Derivaives, 50 trillion dollar unregulated market, in 98 tried to regulate (potenially de-stabilizing to the market) Batle over regulaing derivaive technology-legislaion blocked by major banks and government in 2000. Securiizaion food chain" cdo"s-mortgage payments went into investment companies, false raings, risky loans, no liability, very unstable (loans from 2001-2003 quadrupled)
