Question by taylah.: the subprime meltdown econ test?
i have a test on the subprime meltdown need to know these key words just basically their defiinition and the role they play in a meltdown….
the fed
the prime rate
alan greenspan
NASDAQ bubble
ben bernanke
subprime loan
FICO
liquidity
equity
types of subprime loans
adjustable rate (ARM – balloon)
securities
SEC-securities exchange commission
dervatives
securitization
diversifying risk
off balance sheet entities
TARP
troubled assets
taxpayer protection
making homes affordable plan
office of financial stability
ARRA (the stimulus) – discription
keynesian economics
supply side economics – reaganomics – milton friedman)

Best answer:

Answer by Bored Goblin
“the fed” are the upper-class people, who benefitted by ripping off the “the hungry” during the crisis.

you can look up other terms here: http://wikipedia.org

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