Writer's choice Case Study Example | Topics and Well Written Essays - 1250 words

Financial Crisis, Home Mortgages, Financial Institutions and Adverse Selection - Case Study Example The obvious association between the two comes from the fact that the mortgage market contraction, which in many countries evolved into a recession in 2008-2009, was led by intensive use of certain complicated financial instruments such as CDOs and CDSs in the United States and other countries. It should be recognized that virtually any financial product holds dangers and can be improperly used. Potential problems are likely to increase the complexity of the instruments, the insufficiency of information conveyed by sellers, and the lack of due diligence on the part of investors (Carey, 2009). The huge mortgage securitization of current years seemingly had poor performance in the areas. Mortgage securitization in the successful years did not bring any help to reduce the problems that occurred in information that are characteristic of credit transactions. Appropriate risk assessment did not induce the same characteristics. Role of securitization in mortgage lending The roles of securitization in mortgage include barking up securities, collateralized debt obligation and structure invested vehicles (Barger, 2008). In today’s setting, one that gets a loan is likely to sell the loan to a third party which can be government agencies, an institution in the private sector or government-sponsored entities. The mortgage is then sold with payment rights to the investors. The process can be long as the mortgage can be sold to several other people. The process is what is referred to as securitization. The main role that is played by the process is a conversion of mortgages to mortgage-backed up securities. In mortgage backed up securities, the payments that are made are based on collection from individual mortgages.Mortgage-backed securities were supposed to be sound investments as they were rated by genuine rating agencies. The securities, however, did not happen as planned and the hazard led to the crisis.  

Place Bio Los Angeles Essay Example | Topics and Well Written Essays - 1250 words

Place Bio Los Angeles - Essay Example Davis and McWilliams alerted visitors to the existence of Los Angeles's deep division and hidden history of conflict but they did not specifically tell where the evidence was prominent, where one could go to actually see it. The guide brilliantly produced listings of many historic sites of struggle with themed tours of the city from Latino, Native American and the African American. A People’s Guide to Los Angeles is a socio-political look at the West Coast’s occasionally explosive cultural reservation that do not turn up in the usual tourist guides. There are several sites highlighted in the site including Biddy Mason Park which is located less than 50 yards south of the Bradburry. Dalores Hayden created the sculpture, mural dedicated to the lie of Biddy Mason. She was born a slave in Georgia, 1818; however, she went to San Bernardino in 1851 with Rebeca Smith. California was a free state and a judge declared Mason set free. (Robert, 2003). Kashu Reality is another site in â€Å"A people’s Guide to Los Angeles†. Kazuo Inouye was propelled towards the success by his experiences with discrimination. He worked hard to open up all-white neighborhoods to the white people. He worked with Japanese Americans and African Americans to purchase homes often from Jewish homeowners or others who were sympathetic to racial integration. He helped to change the face of several Los Angeles neighborhoods. When he found a Japanese American buyer, a rival white estate agent broke all the windows in the home. Inouye confronted him directly and threatened to shoot the white real estate agent if he dared to interfere with the property again. Through similar tactic, he managed to sell a number of homes in the Crenshaw district during the 1950s and 1960s (Chaz & Mitchell, 2005). He advertised regularly in the Black Press and facilitated the area’s demographic shift from an all-white to a multiethnic African, American, Japanese and Latino place. Another location of great importance is the southern California Library for social studies and research on Vermont. It is well known for their extensive collection of books, posters, political pamphlets and other memorabilia in connection with struggle in Los Angeles. Philips who is a Los Angeles native, author of many in his fiction uses geography to discuss race, class and social fabric of Los Angeles. He touches on Downtown gentrification, Japanese in the Crenshaw District, the Library Tower among others. City of Quartz is another site evident in the â€Å"A people’s Guide to Los Angeles†. Davis took it as his responsibility in correcting of Banham's refusal to look into Los Angeles's shadows and alleyways. City of Quartz is the closest that could be used to giving Los Angeles the noir sociological treatment that it deserves. Davis lays bare the structures of power, inequality, and violence that diminished the Californian dream. He also highlights a cast of villains that i ncludes the real estate and railway barons who carved the place up in the twentieth century. Davis produced affecting chapters such as the ones on the militarization of the city through initiatives designed to keep out homeless people, and his account of the creation of the new downtown. He tells