Alan Greenspan is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He worked as a private adviser and provided consulting for firms through his company,Greenspan Associates LLC.
The Community Reinvestment Act is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities,including low- and moderate-income neighborhoods. Congress passed the Act in 1977 to reduce discriminatory credit practices against low-income neighborhoods,a practice known as redlining.
Stephen Samuel Roach is an American economist. He serves as senior fellow at Yale University’s Jackson Institute for Global Affairs,and a senior lecturer at the Yale School of Management. He was formerly chairman of Morgan Stanley Asia,and chief economist at Morgan Stanley,the New York City-based investment bank.
Edward M. Gramlich was an American economist who served as a member of the Federal Reserve Board of Governors from 1997 to 2005. Gramlich was also an acting director of the Congressional Budget Office.
The 2000s United States housing bubble or house price boom or 2000shousing cycle was a sharp run up and subsequent collapse of house asset prices affecting over half of the U.S. states. In many regions a real estate bubble,it was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006,started to decline in 2006 and 2007,and reached new lows in 2011. On December 30,2008,the Case–Shiller home price index reported the largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is an important cause of the Great Recession in the United States.
The Federal Reserve Bank of St. Louis is one of 12 regional Reserve Banks that,along with the Board of Governors in Washington,D.C.,make up the United States' central bank. Missouri is the only state to have two main Federal Reserve Banks.
Sung Won Sohn is a Korean American economist,noted for his skill in economic forecasting. He is currently Professor of Economics at Loyola Marymount University and President of SS Economics,an economic consulting firm.
Mahmoud Mohieldin, is an economist with more than 30 years of experience in international finance and development. He is the UN Climate Change High-Level Champion for Egypt. He is an Executive Director at the International Monetary Fund. He has been the United Nations Special Envoy on Financing the 2030 Sustainable Development Agenda since February 2020. He was the Minister of Investment of Egypt from 2004-2010,and most recently,served as the World Bank Group Senior Vice President for the 2030 Development Agenda,United Nations Relations and Partnerships. His roles at the World Bank also included Managing Director,responsible for Human Development,Sustainable Development,Poverty Reduction and Economic Management,Finance and Private Sector Development,and the World Bank Institute;World Bank President's Special Envoy on the Millennium Development Goals (MDGs),the Post-2015 Development Agenda,and Financing for Development;and Corporate Secretary and Executive Secretary to the Development Committee of the World Bank Group's Board of Governors. Dr Mohieldin also served on several Boards of Directors in the Central Bank of Egypt and the corporate sector. He was a member of the Commission on Growth and Development and was selected for the Young Global Leader of the World Economic Forum in 2005. His professional experience extends into the academic arena as a Professor of Economics and Finance at the Faculty of Economics and Political Science,Cairo University and as a visiting professor at several renowned Universities in Egypt,Korea,the UAE,the UK and the USA. He is a member of the International Advisory Board of Durham University Business School. He also holds leading positions in national,regional and international research centres and associations. He has authored numerous publications and articles in leading journals in the fields of economics,finance and development.
Sheila Colleen Bair is an American former government official who was the 19th Chair of the U.S. Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011,during which time she shortly after taking charge of the FDIC in June 2006 began warning of the potential systemic risks posed by the growing trend of subprime-mortgage-backed bonds,and then later assumed a prominent role in the government's response to the 2008 financial crisis. She was appointed to the post for a five-year term on June 26,2006,by George W. Bush through July 8,2011. She was subsequently the 28th president of Washington College in Chestertown,MD,the first female head of the college in its 234-year history,a position she held from 2015 until her resignation in 2017.
The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. The crisis led to a severe economic recession,with millions losing their jobs and many businesses going bankrupt. The U.S. government intervened with a series of measures to stabilize the financial system,including the Troubled Asset Relief Program (TARP) and the American Recovery and Reinvestment Act (ARRA).
Sherry S. Cooper is a Canadian-American economist. Cooper is currently Chief Economist for Dominion Lending Centres. She was executive vice-president and chief economist of BMO Financial Group,with responsibilities for economic forecasting and risk assessment. She comments regularly in the press on financial issues.
United States housing prices experienced a major market correction after the housing bubble that peaked in early 2006. Prices of real estate then adjusted downwards in late 2006,causing a loss of market liquidity and subprime defaults.
Sandra Pianalto is an economist. She previously served as the tenth chief executive of the Fourth District Federal Reserve Bank,at Cleveland from 2003 to 2014.
The subprime mortgage crisis impact timeline lists dates relevant to the creation of a United States housing bubble and the 2005 housing bubble burst and the subprime mortgage crisis which developed during 2007 and 2008. It includes United States enactment of government laws and regulations,as well as public and private actions which affected the housing industry and related banking and investment activity. It also notes details of important incidents in the United States,such as bankruptcies and takeovers,and information and statistics about relevant trends. For more information on reverberations of this crisis throughout the global financial system see 2007–2008 financial crisis.
Betsy Duke is an American bank executive who served as a member of the Federal Reserve Board of Governors from 2008 to 2013. Duke was confirmed by the Senate to fill an unexpired term ending January 31,2012. She was the seventh woman to be appointed to the board. In July 2013,she announced her resignation from the board.
The 2007–2008 financial crisis,or the global financial crisis (GFC),was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers,excessive risk-taking by global financial institutions,a continuous buildup of toxic assets within banks,and the bursting of the United States housing bubble culminated in a "perfect storm",which led to the Great Recession.
Loretta J. Mester was president and CEO of the Federal Reserve Bank of Cleveland.
Mary Colleen Daly is an American economist,who became the 13th President and chief executive officer of the Federal Reserve Bank of San Francisco on October 1,2018. She serves on the Federal Reserve's rate-setting Federal Open Market Committee on a rotating basis. Previously,Daly was the Executive Vice President and Director of Research of the Federal Reserve Bank of San Francisco,which she joined as an economist in 1996.
Allan I. Mendelowitz is the former chairman and director of the Federal Housing Finance Board,which regulates the Federal Home Loan Bank System.
