Discuss Some of the Financial Innovations in Mortgage Markets That

question 13

Essay

Discuss some of the financial innovations in mortgage markets that led to the U.S.financial crisis in 2007.

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Definitions:

Weak Id

A Freudian concept that suggests an underdeveloped or inefficient id, leading to poor impulse control and difficulty satisfying basic desires.

Weak Ego

A condition characterized by a lack of self-esteem and inability to cope with demands, leading to poor decision-making.

Strong Id

A term that might refer to an individual with a dominant id according to Freudian psychology, characterized by impulsive and unconscious desires.

Oedipus Complex

A Freudian theory positing that a child experiences unconscious desires for their opposite-sex parent and jealousy and rivalry toward their same-sex parent.