Podcast
Questions and Answers
What was the situation with low-income homebuyers in the financial crisis?
What was the situation with low-income homebuyers in the financial crisis?
- They were sold mortgages they could afford with low interest rates
- They were given good investment advice
- They were given government subsidies to buy homes
- They were sold and mis-sold mortgages they couldn't afford (correct)
What was the result of the housing bubble bursting?
What was the result of the housing bubble bursting?
- The stock market rose
- The housing prices continued to rise
- The economy experienced a boom
- Trillions of dollars were lost (correct)
Why did the government bail out the insurance companies?
Why did the government bail out the insurance companies?
- To prevent financial Armageddon (correct)
- To make a profit
- To help the low-income homebuyers
- To punish the investment banks
What was the approximate value written off in the stock markets?
What was the approximate value written off in the stock markets?
Which two investment banks were mentioned as the real instigators of the crisis?
Which two investment banks were mentioned as the real instigators of the crisis?
Approximately how much money was pumped into the economy to bail it out?
Approximately how much money was pumped into the economy to bail it out?
What determines the value of a share price?
What determines the value of a share price?
What is the driving force behind the value of luxury items like Ferrari or Lamborghini?
What is the driving force behind the value of luxury items like Ferrari or Lamborghini?
What is the primary goal of marketing, according to the speaker?
What is the primary goal of marketing, according to the speaker?
What is the basis of share price expectations, according to the speaker?
What is the basis of share price expectations, according to the speaker?
What is the result of mismanaging investor expectations, according to the speaker?
What is the result of mismanaging investor expectations, according to the speaker?
What is the speaker's opinion on the effectiveness of regulation in preventing financial crises?
What is the speaker's opinion on the effectiveness of regulation in preventing financial crises?
