2008 Financial Crisis

2008 Financial Crisis

Revised Journal

 

Group Members:

Pushpender Singh

Randy Smith

Kelechi Okoye-Ahaneku

Liam Cunningham

 

 

 

We as a collective have come together since we sent off the last journal and with the help of your own recommendation and have decided to hone in and focus on how the role of subprime mortgages and credit default swaps had on the 2008 financial crisis. Using the Dodd-Frank regulations as a vehicle to explain and relate the effect of these financial products, and whether Dodd-Frank has done enough to suppress the potentialities of these problems arising again.

 

 

Pushpender Singh

Will give an introduction to the project explaining why Lehman Brothers collapsed. Then he will generally comment on the regulatory response of the crisis. This will be used as the base and the law-binding starting point to our crisis report, as it would help us to relate and understand the financial products (MBS’S, CDO’S, CDS’S) as the root and heart of the problem.

 

Randy Smith

Will expand from PS’s explanation and delve into Dodd Frank and other regulations. These will be explored along with Credit Default Swaps and rating agencies' roles in facilitating the collapse.

 

Kelechi Okoye-Ahaneku

Specialise and focus on the financial products themselves. This section of the report will focus on the technicalities of the products and of their toxic and destructive nature. CDO’S, CDS, MBS will be the primary focus.

 

 

Liam Cunningham

Work on whether Dodd-Frank in the main has been an effective regulatory response to the 2008 financial crisis.  Pose the question whether it has done enough and analytically work around that question to find out if it has. He will also show how this has broadly led to practices such as shadowbanking and other deregulated forms of banking.