Economic Crisis 2008 and 2009

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The Economic Crisis of 2008 is believed to have occurred because of global inflation, increased unemployment, high oil and food prices, a declining dollar value, a horrible housing market, and a subprime mortgage crisis. Although economic crisis is happening all over the world, this article will consist of tips on how to research the United States Economic Crisis of 2008 and 2009.

[edit] LexisNexis Academic

Find information on the United States Economic Crisis of 2008 using news, business, and industry publications from all over the world. Search the News in the PowerSearch form using the index, and take advantage of LexisNexis SmartIndexing to find the most relevant articles. Listed below are some helpful index terms to get you started.

LexisNexis Academic

2008 Economic Stimulus Plan
2008 Global Food Crisis
Bailouts -- targets financial relief packages for companies, industries or countries.
Bank Failures -- targets the inability of a bank or other depository institution to meet its credit obligations. The scope includes measures designed to prevent bank failures or mitigate their impact.
Banking & Finance Regulation
Bernanke, Ben
Business Insolvency & Bankruptcy
Credit Crisis
Economic Decline
Economic Depression
Economic Growth
Economic Indicators
Economic News
Economic Policy
Economic Recovery
Financial Guarantee Insurance -- targets insurance policies and providers that cover financial losses due to nonpayment of debts. The scope includes mortgage guaranty insurance, bond insurance and credit insurance.
Financial Ratings -- targets financial performance ratings of bonds, securities, debt and related instruments by major ratings firms such as Standard and Poor’s® or Moody’s.
Financial Results -- targets periodic reports of earnings, sales, profits and losses of companies and financial markets.
Financial Risk Management -- targets the handling of financial risk by companies and organizations. The scope includes providers of financial risk management services.
Geithner, Timothy
Housing Market
Mortgage Baking & Finance -- targets the market in real property mortgage lending. The scope includes wholesalers, retailers, originators and those who service the industry.
Paulson, Henry
Subprime Mortgages
Summers, Lawrence
Treasury Departments

Tip: When using the index term tool, try looking for specific individuals or companies that interest you. LexisNexis indexes many corporations as well as prominent politicians and business people who have been involved in the crisis. Using these index terms will give you better results than simply typing the name into the search box.

To search only the news about companies, use the Company News group file, which you can locate under the "Sources" tab by searching on "Company News" or use this direct link:
http://www.lexisnexis.com/us/lnacademic/api/version1/sf?shr=t&sfi=AC00NBGenSrch&csi=141066.

For information on a specific company, try Company Dossier: Get A Company Profile or the SEC filings available under the "Business" tab.

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 The Economic Crisis of 2008 is believed to have occurred because of global inflation, increased unemployment, high oil and food prices, a declining dollar value, a horrible housing market, and a subprime mortgage crisis. Although economic crisis is happening all over the world, this article will consist of tips on how to research the United States Economic Crisis of 2008 and 2009.
+<shtml hash="fdfabe72b29e7f7e47a7b7dcc802aadf"><div style="text-align:center;" >
+<object codebase="http://fpdownload.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" type="application/x-shockwave-flash" align="right" width="300px" height="400px" id="InsertWidget_8f9ecd85-c6cc-4a02-bff7-f553b9176d80" data="http://widgetserver.com/syndication/flash/wrapper/InsertWidget.swf" flashvars="r=2&appId=8f9ecd85-c6cc-4a02-bff7-f553b9176d80&wbx_softkey=true&wbx_suppressGW=true" ><param value="transparent" name="wmode"/><param value="false" name="menu"/><param value="high" name="quality"/><param value="http://widgetserver.com/syndication/flash/wrapper/InsertWidget.swf" name="movie"/><param value="r=2&appId=8f9ecd85-c6cc-4a02-bff7-f553b9176d80&wbx_softkey=true&wbx_suppressGW=true" name="flashvars"/><span>Get the <a href="http://www.widgetbox.com/widget/979b51ca-9a90-4824-933d-d5bfb8e683a8">LexisNexis News - Financial News</a> widget and many other <a href="http://www.widgetbox.com/">great free widgets</a> at <a href="http://www.widgetbox.com">Widgetbox</a>! Not seeing a widget? (<a href="http://docs.widgetbox.com/using-widgets/installing-widgets/why-cant-i-see-my-widget/">More info</a>)</span></object><br /><a target="_blank" alt="Widgetbox!" href="http://www.widgetbox.com/widget/979b51ca-9a90-4824-933d-d5bfb8e683a8?wbx.refer=1&wbx.refer.instId=8f9ecd85-c6cc-4a02-bff7-f553b9176d80&wbx.refer.targetRegId=979b51ca-9a90-4824-933d-d5bfb8e683a8&wbx.refer.pn=myspace"><img src="http://cdn.widgetserver.com/syndication/images/gwbtn-html.gif" style="border-style: none" /></a></div></shtml>
-In addition to the research strategies listed for the different products below, the widget to the right contains a scrolling list of the latest business and financial news from a wide variety of sources within LexisNexis. Bookmark this page to see the most recent headlines or click the "Get this widget!" link above to add this widget to your blog or website.
-==LexisNexis Statistical DataSets==
-[[Image: Economiccrisis1.jpg|right|550px|thumb|LexisNexis Statistical DataSets]] You can be sure that economists and historians will be studying the causes of the current crisis in US financial markets for many years to come. To help meet this research need, LexisNexis has made available to academic library markets a large dataset with over 3.5 billion data points on mortgage loan applications and outcomes from 2004 to 2007.
-The data was collected under the Home Mortgage Disclosure Act (HMDA) of 1975, which requires mortgage brokers to report loan applications that they processed or purchased during each calendar year. Beginning in 2004, lenders also had to report on loans they originated that exceeded the prevailing rates by 3% or more, i.e. subprime and near-prime loans.
-A little-known Federal agency, the Federal Financial Institutions Examination Council, maintains the HMDA data but distributes it in preformatted summary tables not easily accessed by the public.
-LexisNexis has made all of this data available to subscribers of LexisNexis Statistical Datasets, enabling researchers to identify lenders and geographic areas with a disproportionate share of high-risk mortgage loans.
-[[Image: Economiccrisis2.jpg|left|550px|thumb|LexisNexis Statistical DataSets]] Because of the rich array of variables in the HMDA dataset, the data has other uses. Students can analyze mortgage applications and outcomes by the demographic characteristics of borrowers, loan purpose and type, housing unit type, loan amount, reason for denial, geographic area (down to the census tract!), and responsible Federal agency.
-Interestingly enough, the HMDA data was the subject of a July 2007 hearing before the House Financial Services Committee on discriminatory lending practices. The hearing, which you can find in LN Congressional, is titled Rooting Out Discrimination in Mortgage Lending: Using HMDA as a Tool for Fair Lending Enforcement.
-For a demonstration of HMDA data on LexisNexis Statistical DataSets, click on the link below. The person conducting the demo is Richard Landry, the developer of Statistical DataSets.
-[http://screencast.com/t/CmYguEUx5p1 HMDA DataSet Demonstration]
-==LexisNexis Congressional==
-===Economic Crisis Backgrounder: The Pecora Investigations===
-On January 6, 2009, a New York Times op-ed article by Ron Chernow highlighted the investigations conducted by Ferdinand Pecora into the "secret financial history of the 1920s" that led to the stock market crash in 1929. LexisNexis Congressional provides access to the testimony and evidence collected during the Pecora investigations. [http://www.amdev.net/docs/congressional/pecora_investigation.pdf Click here to download a handout on the Pecora investigations.]
-===The Emergency Economic Stabilization Act: Enactment and Beyond===
-===Bailout Bill, AIG, and Executive Compensation===
-On Oct. 7, 2008 during the Presidential debates, Senator John McCain announced that he had come up with a proposal to allow the Federal Government to buy up troubled home mortgages.  Immediately following the debate, the television commentators began to discuss whether or not the $700 billion bailout package that had just been enacted into law already included that authority.  If you have access to congressional information, you don’t have to wait for the commentators to do their research and report back. You can access the information yourself. Search the full text of the H.R. 1424, the Emergency Economic Stabilization Act of 2008, to read provisions governing residential mortgages and homeowner relief.  This bill references and amends the Hope for Homeowners Act of 2008, enacted on July 30, 2008. To find out more about this act, access the legislative history of P.L. 110-289, the Housing and Economic Recovery Act of 2008.  [[Congressional Bailout and Executive Compensation 2008|More...]]
-===Federal Intervention of the Past and Present===
-As we seek to understand the current economic crisis, an examination of past Federal assistance to the business and financial sector may help us gain insight. Some government assistance programs enacted during the Great Depression in response to the economic crisis became permanent programs and continued to operate even after the crisis had passed, while other programs were only temporary. [[Economic Crisis: Federal Intervention of the Past and Present|More...]]
 ==LexisNexis Academic==
-Find information on the United States Economic Crisis of 2008 using news sources from all over the world. Search the News in the PowerSearch form [[Power Search: Use the Index|using the index]]. Listed below are some helpful index terms that will return relevant articles.
+Find information on the United States Economic Crisis of 2008 using news, business, and industry publications from all over the world. Search the News in the PowerSearch form [[Power Search: Use the Index|using the index]], and take advantage of LexisNexis [[SmartIndexing]] to find the most relevant articles. Listed below are some helpful index terms to get you started.
-[[Image: Economiccrisis3.jpg|right|thumb|400px|LexisNexis Academic]]
+[[Image: EconomicCrisis3.jpg|left|thumb|400px|LexisNexis Academic]]
 *2008 Economic Stimulus Plan
 *2008 Global Food Crisis
-*Bailouts
+*Bailouts -- targets financial relief packages for companies, industries or countries.
+*Bank Failures -- targets the inability of a bank or other depository institution to meet its credit obligations. The scope includes measures designed to prevent bank failures or mitigate their impact.
 *Banking & Finance Regulation
+*Bernanke, Ben
 *Business Insolvency & Bankruptcy
 *Credit Crisis
@@ Line 56: / Line 36: @@
 *Economic News
 *Economic Policy
 *Economic Recovery
+*Financial Guarantee Insurance -- targets insurance policies and providers that cover financial losses due to nonpayment of debts. The scope includes mortgage guaranty insurance, bond insurance and credit insurance.
+*Financial Ratings -- targets financial performance ratings of bonds, securities, debt and related instruments by major ratings firms such as Standard and Poor’s® or Moody’s.
+*Financial Results -- targets periodic reports of earnings, sales, profits and losses of companies and financial markets.
+*Financial Risk Management -- targets the handling of financial risk by companies and organizations. The scope includes providers of financial risk management services.
+*Geithner, Timothy
 *Housing Market
+*Mortgage Baking & Finance -- targets the market in real property mortgage lending. The scope includes wholesalers, retailers, originators and those who service the industry.
 *Paulson, Henry
 *Subprime Mortgages
+*Summers, Lawrence
 *Treasury Departments
 '''Tip:'''   When using the index term tool, try looking for specific individuals or companies that interest you.  LexisNexis indexes many corporations as well as prominent politicians and business people who have been involved in the crisis.  Using these index terms will give you better results than simply typing the name into the search box.
@@ Line 68: / Line 54: @@
 For information on a specific company, try [[Company Dossier: Get A Company Profile]]  or the SEC filings available under the "Business" tab.
-==LexisNexis UPA Collections==
-Historical perspective on the 2008 economic crisis can be gained by consulting several LexisNexis UPA Collections on microfilm.
-Bush Administration records from the Department of the Treasury, for example, provide documentation on the Savings and Loan crisis of the 1980s. Due to poor regulation, fraud, mismanagement, and nonpayment of loans, over one thousand savings and loan institutions failed between 1980 and 1990. In response, early in the Bush administration the Congress passed the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA). Nicholas F. Brady, who replaced James A. Baker III as treasury secretary late in the Ronald Reagan administration, took on additional responsibility as chairman of the Resolution Trust
-Corporation Oversight Board. As treasury secretary he was also assigned (by FIRREA) to monitor and report on the financial safety and soundness of governmentsponsored enterprises. Brady claimed that the government must never again allow a
-federal insurance fund to become insolvent. [http://academic.lexisnexis.com/documents/upa_cis/11023_USNatlEconPt8.pdf The U.S. National Economy, 1916–1993, Unpublished Documentary Collections from the U.S. Department of the Treasury Part 8: Bush Administration (1989–1992)] provides documentation on the Bush administration's handling of the savings and loan crisis.<br>
-Documentation on the bank crisis of the 1930s can be found in [http://academic.lexisnexis.com/upa/upa-product.aspx?pid=616&type=AS&parentid=615 The Documentary History of the Franklin D. Roosevelt Presidency, Vol. 3: The Bank Holiday and the Emergency Banking Act, March 1933].
 [[Category: Economics]]
 [[Category: Government]]
-[[Category: LexisNexis Academic]]
-[[Category: LexisNexis Congressional]]
-[[Category: Congressional Hearings Digital Collection]]
-[[Category: Congressional Research Digital Collection]]
-[[Category: LexisNexis Statistical DataSets]]
-[[Category: LexisNexis UPA Collections]]
 [[Category: Research help]]
 [[Category: Common Assignments]]