26 May DescriptionBetween 2007 and 2009, the U.S. did exp
DescriptionBetween 2007 and 2009, the U.S. did experience a severe financial crisis that led to the Great Recession. The Great Recession was the longest and deepest since the Great Depression of the 1930’s. In fact, the Great Recession lasted 18 months and resulted in a decline in the real GDP of -4.5% in 2009 and in an unemployment rate of 10.8% 2010.Recall that the financial crisis is a significant disruption of the flow of funds from savers to borrowers. The 2007-2009 financial crisis is long gone but its stigmas are still being felt across different sectors of the economies.You are tasked with investigating the 2007-2009 financial crisis in order to answer the following questions.What were the origins of the 2007-2009 Financial Crisis?What were the consequences (economic, social, and political) of such crisis?What policy prescriptions/recommendations were implemented to get the country out of such recession.Each student is expected to answer each of the 3 questions (through a posting) to react to at least two posts from other students. Each student is required to participate as this discussion gives you the opportunity to earn the discussion credits. Postings like, I agree or disagree, yes, no etc. do not count.* I will copy and paste two of classmates’ posts to respond at least with 50 words for each of them .
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