Throughout this research blog, I was well-educated on a topic that can affect almost anyone today. I learned that a recession is any downturn in finances for an country as a whole. I also was informed about how crooked mortgage companies were using money that never existed which is what aided in our national debt of $750 billion dollars.
I also learned about how our new president, Barack Obama, is working on a bailout plan. as a way for us to basically start over as a nation (sort of like bankruptcy, but for the entire country).
He has also made a proposal for a current stimulus package to help recover from all the job losses we are facing. The most recent unemployment deficit is at 8.15 as of February 2009.
The other thing I learned about was subprime lending. Loans are given out without an accurate credit check to prove their yearly income and they are not aware if whether or not the borrowers could pay the loan off. See, in order for our country to use those mortgages in replace of bonds we have to have some sort of stability known as Mortgage-baked security. Our country’s amount of loans was showing no increase so their was not enough mortgages to sell as bonds.
Many see the recession as an elongated crisis or depression. When it actually is not. If Obama’s plan for a bailout all goes well, the recession could end by first quarter of 2010. While when the recession first started, investors and political figures saw our nation in recession for a possible extension of an outrageous 14 years! Thanks to Obama we do not have to endear such agony.
All in all, I really enjoyed this blog assignment because my topic was really easy. I say that because event though the topic is so detail and explicit, the fact that it is taking place now makes it all the more easier to research, refine, and review in order to create my blogs.
I also learned about how our new president, Barack Obama, is working on a bailout plan. as a way for us to basically start over as a nation (sort of like bankruptcy, but for the entire country).
He has also made a proposal for a current stimulus package to help recover from all the job losses we are facing. The most recent unemployment deficit is at 8.15 as of February 2009.The other thing I learned about was subprime lending. Loans are given out without an accurate credit check to prove their yearly income and they are not aware if whether or not the borrowers could pay the loan off. See, in order for our country to use those mortgages in replace of bonds we have to have some sort of stability known as Mortgage-baked security. Our country’s amount of loans was showing no increase so their was not enough mortgages to sell as bonds.
Many see the recession as an elongated crisis or depression. When it actually is not. If Obama’s plan for a bailout all goes well, the recession could end by first quarter of 2010. While when the recession first started, investors and political figures saw our nation in recession for a possible extension of an outrageous 14 years! Thanks to Obama we do not have to endear such agony.
All in all, I really enjoyed this blog assignment because my topic was really easy. I say that because event though the topic is so detail and explicit, the fact that it is taking place now makes it all the more easier to research, refine, and review in order to create my blogs.
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