Explain about there being too many homes

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Reference no: EM133380007

Question: Summarise why the 2008 financial crisis happened. What was the set up? what left the economy so valuable (they was giving everyone a mortgage because it had low interest rates. this was profitable for the bank, but, it was not god for the people loaning these mortgages because they were unable to make the payments) explain.

Loaning mortgages has changed since the 2008 financial crisis, why? and how has it changed? why is it better now?

Real Estate expenses has changed since the crisis, there are a lot more homeless people now. Explain why this is.

How did all of this happen? why did the 2008 financial crisis happen? explain about there being too many homes being built and the lack of loaning standards.

Have we fixed the financial crisis? what else might be broken?

Reference no: EM133380007

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