Continuing with our finance theme, the subprime mortgages triggered the world's largest financial crisis in years. We will discuss what triggered the crisis, the various financial instruments that were created before the crisis and how they were used. What is securitization? What are derivatives? And finally some prospects on whether we are on the cusp of another crisis.
References: https://www.coursera.org/learn/global-financial-crisis
https://www.govinfo.gov/content/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf
https://press.princeton.edu/class_use/courses/mehrling
Let's come prepared with whatever we have and discuss and understand.
