In a two- to three-page paper:
• Explain why the savings and loan crisis did not occur until the 1980s.
• Explain why a financial crisis surfaced again in 2008 and if it was due to the same problems or a different reason.
• State the number of foreclosures during 2010, and explain why the situation did not devastate the banking industry as it did during the 1929 Great Depression.
• Explain the role moral hazard took in initiating the foreclosure crisis.
•
Sample Solution
