The recent financial credit crisis in America has profoundly affected not just the American economy but the global economy as a whole. The American economy is showing some signs of recovery recently but the standard of living for many Americans has decreased and will take several years to recover. This free online course reviews how the credit crisis started in America. The course will discuss how credit loans in America became easier to obtain, and how many people funded their lifestyle changes through these cheap credit loans. This in turn led to a housing bubble and when this housing bubble burst it adversely affected the wealth of many American citizens. The free course also reviews how the American government responded to the credit crisis by examining the bailout schemes for the American banking system implemented first by Hank Paulson and later by Timothy Geithner. This course will be of interest to all professionals in the housing, banking, finance and political sectors who would like to learn more about how the American financial credit crisis started and what its repercussions are, and to all learners who would like to understand the key factors which brought about the credit crisis and why it has adversely affected so many lives.
- Understanding the key factors involved in causing the housing bubble;
- Examine where financing when wrong and how it spiralled;
- Learn how the credit crisis was dealt with in order to come about to normal practises again;
- Gain a clearer concept of the credit crisis and its consequences.
All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.
Having an official Alison document is a great way to share your success. Plus it’s:
- Ideal for including in CVs, job applications and portfolios
- An indication of your ability to learn and achieve high results
- An incentive to continue to empower yourself through learning
- A tangible way of supporting the Alison mission to empower people everywhere through education.
Understanding the American Financial Credit Crisis
Modules List( 4 )
UNDERSTANDING THE AMERICAN FINANCIAL CREDIT CRISI...
1 Introduction to the American Financial Credit Crisis
In this module learn more about the American financial credit crisis.
- The housing price conundrum
- Housing price conundrum (part 2)
- Housing Price Conundrum (part 3)
- Housing Conundrum (part 4)
- Mortgage-Backed Securities I
- Mortgage-backed securities II
- Mortgage-backed securities III
- Collateralized Debt Obligation (CDO)
- Bailout 13: Does the bailout have a chance of working?
- Credit Default Swaps
- Credit Default Swaps 2
- Wealth Destruction 1
- Wealth Destruction 2
2 Module 1: The Paulson Bailout
Learn more about the Paulson bailout during the financial credit crisis.
- Bailout 1: Liquidity vs. Solvency
- Bailout 2: Book Value
- Bailout 3: Book value vs. market value
- Bailout 4: Mark-to-model vs. mark-to-market
- Bailout 5: Paying off the debt
- Bailout 6: Getting an equity infusion
- Bailout 7: Bank goes into bankruptcy
- Bailout 8: Systemic Risk
- Bailout 9: Paulson's Plan
- Bailout 10: Moral Hazard
- Bailout 11: Why these CDOs could be worth nothing
- Bailout 12: Lone Star Transaction
- Bailout 14: Possible Solution
- Bailout 15: More on the solution
3 Module 2: The Geithner Plan
In this module learn about the Geithner plan.
- Geithner Plan I
- Geithner Plan II
- Geithner Plan 2.5
- Geithner Plan III
- Geithner Plan IV
- Geithner 5: A better solution
END OF COURSE ASSESSMENT
Module 3: American Financial Credit Crisis Assessment
You must score 80% or more to pass this assessment.
- Understanding the Credit Crisis Assessment