Mr.

Franks Page Number ________

Economics and Financial Literacy

Accelerated Name __________________________________

Inside Job Vocabulary

1. Asset Backed Security:

2. Collateralized Debt Obligation (CDO):

3. Commercial mortgage-backed securities (CMBS):

4. Credit Default Swap (CDS):

5. Credit Rating Agency (CRA):

6. Deregulation:

7. Derivatives:

8. Glass-Steagall Act:

9. Gramm-Leach-Bliley Act
10. Hedge Fund:

11. Hedging:

12. Investment Bank:

13. Leverage:

14. Mortgage Backed Securities:

15. Securitization:

16. Short Selling:

17. Subprime:

18. List as many contributing factors as you can to the 2008 recession:

19. In complete sentences and your own words, what caused the 2008 recession?