How Banks Went Broke A Look Into The Financial Crisis Of...

Lawrence Humes 4/28/15 Mr. Donnellan Period 1 How Banks Went Broke: A Look into the Financial Crisis of 2007-2008 Nobody foresaw what was about to happen to the economy. In the beginning of the 21st Century the economy was at a state of peace and unity. People were taking loans and purchasing houses that they normally couldn’t afford while these houses were increasing in value. The banks were giving out loans to the people to purchase the houses and earning money on the interest of those loans and the commission of the loan. That is when people began to notice the advantages of what could be taken from this economic situation. With a new method of earning money quickly and easily, it is no surprise that everybody began to try†¦show more content†¦Banks were intelligent enough to realize that the people who were taking and asking for loans were unlikely candidates to pay them back. The banks knew that by giving out these loans that the people would result in two ways. One being to actually pay back the loan with interest to the bank, or two, be forced to foreclose their house. Ei ther way the bank didn’t care because they were making money and getting rich either way. If the people actually paid back their loans, the bank is guaranteed profit through the interest incorporated in the loan and the commission made by the sale. If the people couldn’t pay, there still is a great opportunity for the bank to make profit through selling them to investors. Right before the depression the value of homes was steadily increasing. With a person’s foreclosed house, a bank was able to resell that house and potentially make even more money than if the person has paid back his entire loan with interest. For banks, it was a win-win situation. They saw dollar signs in every possible direction and went for it. They did not care how they were making their money, just as long as there was profit within reach. Money is all that mattered to these banks. (Casil) People also began to buy houses

A Plan To Redesign The Jewish Family Services - 1456 Words

Client Profile The client is the Jewish Family Services. They proved supplies to families and elderly who are suffering from low income and are forced to decide between living and food. Their goals are to assist people who need help and to empower those who wish to provide a better future for their families. The Jewish family serves is there to assist families that need help and hope that the family that they helped will turn around and help another family who is seeking an opportunity. I plan to redesign the Jewish family Serves site to make it more user friendly for people who can’t operate a computer or who doesn’t have a computer and can only gain access through a cellular device. Website Goals †¢ To make the site more user friendly†¦show more content†¦Some users have a hard time with using the site do to disabilities or not being able to use a computer so I plan on adding icons to the site which will allow user to scroll down pages easier to find the information they wish to see and for users that don’t have a computer making the site more mobile friendly will help those users too. Provide a login that ask user for their number so when an event occurs to user will receive a text or voice recorded call that will tell the user of the event and the time it starts without needing them to visit the site. Target Audience The plan for the new target audience will be for people who can afford a proper living, the main target will be families with poor living situations and elders who can’t take care of them self’s with just retirement checks. Dakota Ray Age: 32 Job: Construction Worker History: A father of 3 kids and brings in the only source of income for the family. Some week can’t provide food for the family and other weeks having to take the bus to get to work because of gas. And has been working in construction for 5 years. Competitors Chabad Asheville http://www.chabadasheville.org/ With that Chabad house of Ashville site I find the image slider on the home page and a photo gallery and events calendar displayed on the home page also to be quiet interesting giving the userShow MoreRelatedGentrification And Gentrification Of Gentrification1860 Words   |  8 Pagesat the west side of the Shaw Street and the Little Italy. The Little Italy closes by Harbord Street on the north and Dundas Street West on the south. Little Italy is all around served by general transport courses on Ossington Avenue, and streetcar service on College Street, Dundas Street and Bathurst Street. 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The Face of Poverty Free Essays

In today’s modern world, there are many altered characteristics to society. There are decent parts along with cruel parts, and everything in between. One of the problems confronting the world is poverty. We will write a custom essay sample on The Face of Poverty or any similar topic only for you Order Now Poverty is the complaint of lacking essential human needs such as water, shelter, food, and hotness due to the inability to afford them. It is an increasing problem all over the planet, so you think there would be a result being developed, but there isn’t. Poverty occurs all over the world. It can be established anywhere, anytime. The only problem is that being entirely right does not help create a solution. People may feel cruel for somebody living below the poverty line, but it doesn’t affect them, thus they choose not to take part in ruling a solution. Humans are usually selfish and if something bad is not honestly affecting them, then they will do nothing about it. Some say that you have to fix the specific problem, person by person. This might be correct but believe this, fixing the person does not fix the overall, yet fixing the overall problem will fix one. Some people get tangled in charity, either by donating money or physically helping. In either case it may be a nice thing to help out, but it is not building a solution for the problem. Only briefly putting it off until the next un-wanting person has to deal with it. In Diana George’s, Changing the Face of Poverty, she deliberates how we help the deprived and how poverty is symbolized in the world. George discusses about how many individuals think of the poor as being hazardous and terrifying. George says, â€Å"In depicting the poor, whether in literature, journalism, painting, or photography, representations swing between imaging the impoverished as dangerous, intemperate, low-life street thugs, or as helpless targets.† This is a complete description of why a lot of people believe that poverty is roughly something that you can do to yourself, and toy can roughly earn. Many people generalize and simulate homeless people are medication addicts, prisoners, and even spiritually disabled, but these are generalizations. Indeed, poverty can occur to anyone at any time. Now it makes sense that citizens would not want to waste their period of time assisting other individuals who messed up their inhabits, but that is not always the case. Poverty exists everywhere, every day. Many people do feel a need to help out, so perhaps one day a month they donate some time and do charity. Well although it is very nice to do that, it is still not enough. Poverty does not exist one day a month, and it will not go away through charity. There needs to be a solution. The government should create structures that house and care for people who are living below the poverty line, and then slowly re introduce them as independent functioning members of society. That is just one idea but there are infinity ideas out there. This might provide some hope for a solution to exist one day, but as of now it doesn’t look that way. People do not care enough to dedicate the amount of time and resources it would take to fix the problem. Some individuals actually like the problem, thinking that it keeps society in balance and a level of order is attained. Everyone has their own opinion on the matter, and all opinions should be taken into concern when thinking about creating a solution. Everyday people are challenged with problems. Some are insignificant, and some are large. Poverty is something that exists all over the world but does not affect everyone. It has existed since humans have and it will not go away unless we do something about it. It is a problem, however it is not big enough that it affects people living above the poverty line, so there is no permanent solution, although one is required. How to cite The Face of Poverty, Papers