City College of San Francisco
Materials Contributed through SERC-hosted Projects
Top Ten Causes of the Financial Crisis part of Starting Point: Teaching and Learning Economics:Starting Point: Economics in Two-Year Colleges:Activities
This activity uses a simple group exercise to help students understand the various causes of the recent financial crisis. The Top Ten Causes identified by Wally Young (SF Federal Reserve) are: Banking Regulations, Credit Rating Agencies, Originate to Distribute Models, "Spec" Developers, High Loan Concentrations, The Highly Leveraged Home Buyer, Public Policy, Low Interest Rates, Investor Demand for High Yields and Accounting Rules.