Watch these videos on the mortgage meltdown.
60 Minutes, House of Cards part 1: https://www.youtube.com/watch?v=rLvn_4-f9h8
60 Minutes, House of Cards part 2: https://www.youtube.com/watch?v=EwGxEjnmh80
60 Minutes, The Mortgage Meltdown: https://www.youtube.com/watch?v=iUuROWEMjm0
I also highly recommend you watch The Big Short. Great movie!
Discussion Questions: What changed in the residential mortgage business that led to the failure of that market in 2007-2008 and ultimately caused a global crisis? Talk about connections and interactions in the housing market, the mortgage market, and the mortgage backed securities market. Could this happen again?
In order to get a top grade, you will describe the problem, talk about its causes and consequences, and make a thoughtful comment about whether it will or will not happen again. You can probably accomplish this in 3-4 carefully written paragraphs. You should not post your first draft. The best discussion posts are written and edited before posting.
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