Are there any good writers on this forum???

K

kappainf

Well-Known Member
I am not a good writer and I am trying to write a research paper on the current financial crisis. There are some very skilled writers on this forum. Feel free to finish or add to this paper.


The Current Financial Crisis​

The current financial crisis has had an impact on people in America and around the world. There are many things that led us to our current financial situation and there are also many different arguments about who is to blame for this financial crisis. What caused this financial downturn in America? What is the solution? The answer to these questions varies greatly across the political spectrum.
To understand the many different arguments about our current financial crisis, one must understand what this crisis is. According to Wikipedia, “The financial crisis of 2007–2009 has been called by leading economists the worst financial crisis since the one related to the Great Depression” (Financial Crisis 2007-2009.). There are many factors that define the current financial crisis. For instance, the stock market crash during September of 2008 is one of the greatest factors for defining the financial crisis. In addition, the United States current unemployment rate of 10.2 percent is another large factor that defines the United States current financial situation (Employment Situation Summary).





What caused the current financial crisis? There are many different theories and arguments about what caused this crisis. For example, on one side of the political spectrum, the conservative - right, the general consensus is that government spending, taxes, Obama, and the liberal – left, are to blame for the crisis. On the other side of the political spectrum, the liberal - left, the general consensus is that Wall Street, big corporations, George W. Bush, the war in Iraq, and the conservative- right are to blame for the crisis.
On the other hand, many people don’t fall into either of these left or right groups. These people look at both sides of the argument and they can see valid points on both ends. This crisis is not all the lefts or rights fault, it is a culmination of many different events.
One of the largest contributing factors for our current economic crisis revolves around housing. For years the United States government has pushed for home ownership. The government has always wanted home ownership to be easy for everyone in America because, owning a home has always been a part of the American dream. This ideology about home ownership has put many Americans into homes based on the theory that owning a home is a good thing or “a great investment.” This ideology has also put pressure on banks to give out loans for mortgages, even to people that can not afford the payments. Ultimately, this type of philosophy lead to the current mortgage crisis.
In addition, the mortgage crisis is also composed of many factors. For example, the housing bubble, easy credit conditions, sub prime lending, and predatory lending played a major role in the collapse of the United States housing market, which in turn significantly affected the economy.
“As of 2008[update], Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) owned or guaranteed about half of the U.S.'s $12 trillion mortgage market.[7] These entities are also known as a (GSE) or government sponsored enterprises” (Wikipedia).

“These two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis.” September 11, 2003
“Fannie and Freddie are fundamentally sound, they are not in danger of going under, I do think their prospects going forward are very solid.” July 14, 2008
“The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the treasury, which I do not see.” September 10, 2003
“I want to roll the dice a little bit more in this situation towards subsidized housing.” September 25, 2003


The bottom line is this, there are many reasons for our current economic situation.


Works cited​
"Employment Situation Summary." United States Department of Labor. N.p., 6 Nov.
2009. Web. 9 Nov. 2009. <http://www.bls.gov/news.release/
empsit.nr0.htm>.
"Financial Crisis of 2007-2009." Wikipedia. N.p., 10 Nov. 2009. Web. 10 Nov.
2009. <http://en.wikipedia.org/wiki/
Financial_crisis_of_2007%E2%80%932009>.
Frank, Barney. Interview by Bill O'reilly. The O'Reilly Factor. Fox News. 2 Oct.
2008. Print. Transcript
"Fannie Mae." Wikipedia. N.p., 15 Nov. 2009. Web. 24 Nov. 2009.
<http://en.wikipedia.org/wiki/Fannie_Mae>.
 
This is why I was never a teacher. My inclination is to respond to this like House, so I'll just shut up.
 
No way - unethical.

I will however give some advise. First Google Community Reinvestment Act. Started under Carter in order to stop redlining, it was radicalized under Clinton to force banks to write bad loans. These banks quickly got wise and bundled these bad loans with good ones and sold them as prime loans. and this widely credited as the primary cause of the lending crisis. Also, when banks stopped giving loans, the big three and Detroit were decimated.

There are good videos on the CRA or lending crisis on youtube. That ought to get you stared.

Plus, it is not at all correct to call this the worst since the great depression. The Carter years were far worse.

Good luck. Oh and be careful. My friend is a professor and he googles lines from papers and busts students cheating.
 
kappainf said:
I am not a good writer and I am trying to write a research paper on the current financial crisis. There are some very skilled writers on this forum. Feel free to finish or add to this paper.


The Current Financial Crisis​

The current financial crisis has had an impact on people in America and around the world. There are many things that led us to our current financial situation and there are also many different arguments about who is to blame for this financial crisis. What caused this financial downturn in America? What is the solution? The answer to these questions varies greatly across the political spectrum.
To understand the many different arguments about our current financial crisis, one must understand what this crisis is. According to Wikipedia, “The financial crisis of 2007–2009 has been called by leading economists the worst financial crisis since the one related to the Great Depression” (Financial Crisis 2007-2009.). There are many factors that define the current financial crisis. For instance, the stock market crash during September of 2008 is one of the greatest factors for defining the financial crisis. In addition, the United States current unemployment rate of 10.2 percent is another large factor that defines the United States current financial situation (Employment Situation Summary).





What caused the current financial crisis? There are many different theories and arguments about what caused this crisis. For example, on one side of the political spectrum, the conservative - right, the general consensus is that government spending, taxes, Obama, and the liberal – left, are to blame for the crisis. On the other side of the political spectrum, the liberal - left, the general consensus is that Wall Street, big corporations, George W. Bush, the war in Iraq, and the conservative- right are to blame for the crisis.
On the other hand, many people don’t fall into either of these left or right groups. These people look at both sides of the argument and they can see valid points on both ends. This crisis is not all the lefts or rights fault, it is a culmination of many different events.
One of the largest contributing factors for our current economic crisis revolves around housing. For years the United States government has pushed for home ownership. The government has always wanted home ownership to be easy for everyone in America because, owning a home has always been a part of the American dream. This ideology about home ownership has put many Americans into homes based on the theory that owning a home is a good thing or “a great investment.” This ideology has also put pressure on banks to give out loans for mortgages, even to people that can not afford the payments. Ultimately, this type of philosophy lead to the current mortgage crisis.
In addition, the mortgage crisis is also composed of many factors. For example, the housing bubble, easy credit conditions, sub prime lending, and predatory lending played a major role in the collapse of the United States housing market, which in turn significantly affected the economy.
“As of 2008[update], Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) owned or guaranteed about half of the U.S.'s $12 trillion mortgage market.[7] These entities are also known as a (GSE) or government sponsored enterprises” (Wikipedia).

“These two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis.” September 11, 2003
“Fannie and Freddie are fundamentally sound, they are not in danger of going under, I do think their prospects going forward are very solid.” July 14, 2008
“The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the treasury, which I do not see.” September 10, 2003
“I want to roll the dice a little bit more in this situation towards subsidized housing.” September 25, 2003


The bottom line is this, there are many reasons for our current economic situation.


Works cited​
"Employment Situation Summary." United States Department of Labor. N.p., 6 Nov.
2009. Web. 9 Nov. 2009. <http://www.bls.gov/news.release/
empsit.nr0.htm>.
"Financial Crisis of 2007-2009." Wikipedia. N.p., 10 Nov. 2009. Web. 10 Nov.
2009. <http://en.wikipedia.org/wiki/
Financial_crisis_of_2007%E2%80%932009>.
Frank, Barney. Interview by Bill O'reilly. The O'Reilly Factor. Fox News. 2 Oct.
2008. Print. Transcript
"Fannie Mae." Wikipedia. N.p., 15 Nov. 2009. Web. 24 Nov. 2009.
<http://en.wikipedia.org/wiki/Fannie_Mae>.
Click to expand...

To begin with, never use Wikipedia for a scholastic essay or as support in any argument.
Also, you say "many" and "factors" several times in a 2-line span. While this wouldn't upset the grammar Gods, it makes your writing appear a lot weaker - use a thesaurus and/or just take out the "manys."
Your sentences regarding the left and right can pretty much be chopped down to one sentence. Their opinions could also be a way to organize your paper (One paragraph about the right, one about the left, and then one about the independents/the blending of both ideologies).
You say "for example" too much as well. Think of some better transition phrases to put in their place.
Being as blunt as possible, your conclusion sucks. Make it a paragraph, do not say bottom line...
I might say something like this (a very simplified version of what I would say...) - "Although political figures and their parties cite their opposition for the cause of the financial crisis, an obvious reason for the economy's demise does not exist..." Go from there about how its a blending of both party's faults about the financial crisis or whatever you have to say about the "many" reasons that led to its existence. This not only touches on some of the points you mentions, but also references the "many" reasons for our economic position.

Those are just a couple things I noticed while scanning. We have completely different writing styles, so I'm not even going to try fix all of the sentences that I/someone else might phrase differently.
Good Luck.
 
Sorry if my 6th grade level of writing has offended anyone. Haha, i know i'm no writer, however, I really appreciate the input from everyone, it helps a lot
 
By the way, this is just something i started putting together, it is obviously not finished. But I really appreciate the advice, I will use it. thanks for all the suggesstions.
Happy Turkey Day
 
RickWhite said:
No way - unethical.

I will however give some advise. First Google Community Reinvestment Act. Started under Carter in order to stop redlining, it was radicalized under Clinton to force banks to write bad loans. These banks quickly got wise and bundled these bad loans with good ones and sold them as prime loans. and this widely credited as the primary cause of the lending crisis. Also, when banks stopped giving loans, the big three and Detroit were decimated.

There are good videos on the CRA or lending crisis on youtube. That ought to get you stared.

Plus, it is not at all correct to call this the worst since the great depression. The Carter years were far worse.

Good luck. Oh and be careful. My friend is a professor and he googles lines from papers and busts students cheating.
Click to expand...

Nah man, no cheating, I just need help. beleive it or not this shit helps
 
Needs to be fleshed out more, You can't explain this properly in a 1 page essay, try making a few more pages and perhaps explain what Mortgage Backed Securities (MBS), Securitization of financial instruments, Credit Default Swaps (CDS), and Leverage are and how they helped further the situation. You might also want to say some things about the Glass Steagle act and how letting Investment banks also be commercial banks got us into this mess.

And none of this is even worth mentioning if you don't go all the way back to 1913 and mention the federal reserve act and how the fed has been responsible for a great deal of economic hardship.

Don't forget to mention Golds role in all this and how the gold window was closed by Nixon in 1971. Making the Dollar a purely fiat currency, but also the worlds reserve currency that could just be printed at will.

All of these things need to be mentioned and how they all play a part in this. It will be more than 1 page im sure.

Its complicated.
 
kappainf said:
I am not a good writer and I am trying to write a research paper on the current financial crisis. There are some very skilled writers on this forum. Feel free to finish or add to this paper.


The Current Financial Crisis​

The current financial crisis has had an impact on people in America and around the world. There are many things that led us to our current financial situation and there are also many different arguments about who is to blame for this financial crisis. What caused this financial downturn in America? What is the solution? The answer to these questions varies greatly across the political spectrum.
To understand the many different arguments about our current financial crisis, one must understand what this crisis is. According to Wikipedia, “The financial crisis of 2007–2009 has been called by leading economists the worst financial crisis since the one related to the Great Depression” (Financial Crisis 2007-2009.). There are many factors that define the current financial crisis. For instance, the stock market crash during September of 2008 is one of the greatest factors for defining the financial crisis. In addition, the United States current unemployment rate of 10.2 percent is another large factor that defines the United States current financial situation (Employment Situation Summary).





What caused the current financial crisis? There are many different theories and arguments about what caused this crisis. For example, on one side of the political spectrum, the conservative - right, the general consensus is that government spending, taxes, Obama, and the liberal – left, are to blame for the crisis. On the other side of the political spectrum, the liberal - left, the general consensus is that Wall Street, big corporations, George W. Bush, the war in Iraq, and the conservative- right are to blame for the crisis.
On the other hand, many people don’t fall into either of these left or right groups. These people look at both sides of the argument and they can see valid points on both ends. This crisis is not all the lefts or rights fault, it is a culmination of many different events.
One of the largest contributing factors for our current economic crisis revolves around housing. For years the United States government has pushed for home ownership. The government has always wanted home ownership to be easy for everyone in America because, owning a home has always been a part of the American dream. This ideology about home ownership has put many Americans into homes based on the theory that owning a home is a good thing or “a great investment.” This ideology has also put pressure on banks to give out loans for mortgages, even to people that can not afford the payments. Ultimately, this type of philosophy lead to the current mortgage crisis.
In addition, the mortgage crisis is also composed of many factors. For example, the housing bubble, easy credit conditions, sub prime lending, and predatory lending played a major role in the collapse of the United States housing market, which in turn significantly affected the economy.
“As of 2008[update], Fannie Mae and the Federal Home Loan Mortgage Corporation (Freddie Mac) owned or guaranteed about half of the U.S.'s $12 trillion mortgage market.[7] These entities are also known as a (GSE) or government sponsored enterprises” (Wikipedia).

“These two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis.” September 11, 2003
“Fannie and Freddie are fundamentally sound, they are not in danger of going under, I do think their prospects going forward are very solid.” July 14, 2008
“The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the treasury, which I do not see.” September 10, 2003
“I want to roll the dice a little bit more in this situation towards subsidized housing.” September 25, 2003


The bottom line is this, there are many reasons for our current economic situation.


Works cited​
&quot;Employment Situation Summary.&quot; United States Department of Labor. N.p., 6 Nov.
2009. Web. 9 Nov. 2009. <http://www.bls.gov/news.release/
empsit.nr0.htm>.
&quot;Financial Crisis of 2007-2009.&quot; Wikipedia. N.p., 10 Nov. 2009. Web. 10 Nov.
2009. <http://en.wikipedia.org/wiki/
Financial_crisis_of_2007%E2%80%932009>.
Frank, Barney. Interview by Bill O'reilly. The O'Reilly Factor. Fox News. 2 Oct.
2008. Print. Transcript
&quot;Fannie Mae.&quot; Wikipedia. N.p., 15 Nov. 2009. Web. 24 Nov. 2009.
<http://en.wikipedia.org/wiki/Fannie_Mae>.
Click to expand...

im not gonna do youre homewerk for ya kid but i will tell you that reagan caused the econamiec problems with his rayganomics bullshit so thank him and other conservative dipshits for ruining the economy.
 
jersey boi said:
im not gonna do youre homewerk for ya kid but i will tell you that reagan caused the econamiec problems with his rayganomics bullshit so thank him and other conservative dipshits for ruining the economy.
Click to expand...


LOL . of course someone made a separate account and came on here to blame conservatives for all the problems in the world.

You guys sure do make us laugh.
 
If the currency is backed by nothing- then you have a fiat currency. All fiat currencies die the same death. Go back to 1913 Federal reserve act and move forward. You will be amazed at who built this house of cards and why. Everything else is just economic masterbation.
A currency is only as good as it's backing. And our currency lost it's backing in 71 with Nixon taking us off the Gold/Silver Standard. What has been built after that point is meaningless until you see how they created a 'new' backing of our 'currency'. Bring in the Housing Market for just one of the walls in this house of cards.
You may want to contact Bernerd Von not Haus. (Formerly the monetary architech of Liberty Dollar- Tell him Justin from Aspen - my hubby-sent you). This is the best person to help walk you through what seems to be a large topic. But it's really not. Currency is only as good as it's backing- redemption value etc. Everything else is just fiscal/monetary policy masterbation.
 
Haul me to Heaven said:
If the currency is backed by nothing- then you have a fiat currency. All fiat currencies die the same death. Go back to 1913 Federal reserve act and move forward. You will be amazed at who built this house of cards and why. Everything else is just economic masterbation.
A currency is only as good as it's backing. And our currency lost it's backing in 71 with Nixon taking us off the Gold/Silver Standard. What has been built after that point is meaningless until you see how they created a 'new' backing of our 'currency'. Bring in the Housing Market for just one of the walls in this house of cards.
You may want to contact Bernerd Von not Haus. (Formerly the monetary architech of Liberty Dollar- Tell him Justin from Aspen - my hubby-sent you). This is the best person to help walk you through what seems to be a large topic. But it's really not. Currency is only as good as it's backing- redemption value etc. Everything else is just fiscal/monetary policy masterbation.
Click to expand...

I was going to give you a rep for 'economic masterbation' but it's kinda hard to talk to you hubby's buddy when he's in jail. :-|
 
He's out. Been out for awhile. Funny.
The Federal Reserve finally saw that they can NOT have a real currency compeating against their worthless trash we all call cash if the Federal Reserve Notes were to remain 'afloat'.

They gave Liberty Dollar the green light for 9.5 years and then acted as if they were doing something wrong!

I do believe that justice will NOT be served when the trial finally takes place. There is no way they are going to let a real currency raise in America. It would kill the monopoly money we currently have to play with.
I'll private message you with Bernards contact info Kappainf.
 
Thanks for the help guys. Anyways, I got too frustrated with that topic and changed it to healthcare reform. haha
 
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