dangermouse77/FromAnswerToQuestion-SQuADplusTriviaQA

answer stringlengths 1 239 ⌀	question stringlengths 1 25.7k
$144.5 billion	How much was withdrawn from money markets during one week in September 2008?
4.65%	What was the record high for the TED spread on October 10, 2008?
shadow banking system	Economist Paul Krugman explained the credit crisis via the implosion of which system?
shadow banking system	What is the system with nearly equal the importance of traditional commercial banking?
investor funds	The shadow banking system could not provide funds to mortgage firms and other corporations without the ability to obtain which funds?
U.S. Treasury Secretary	What was Timothy Geithner's position during the fall of 2008?
nearly one-third	How much of the U.S. lending mechanism was frozen until June 2009?
the collapse of the shadow banking system	What is the primary cause of the reduction in funds available for borrowing?
Brookings Institution	What institution reported that the traditional banking systems does not have the capital to close the gap in the lending mechanism?
some forms of securitization	What is likely to vanish forever, as a result of excessively loose credit conditions?
capital	As of June 2009, the Brookings Institution reports that traditional banking system does not have enough of what to close the lending gap?
more than a quarter	How much net worth did Americans lose between June 2007 and November 2008?
45%	In November 2008, how much was the U.S. stock index down from its 2007 high?
20%	In November 2008, how much had housing prices drop from their 2006 peak?
$13 trillion	How much was home equity valued in the United States at its peak in 2006?
$8.8 trillion	How much was home equity valued in the United States in mid-2008?
serious	According to economist Dean Baker, a homeowner who has no equity if this type default risk?
loss of close to $6 trillion in housing wealth	What is one of the major problems with the economy in November 2008?
Tens of millions	How many homeowners who had substantial equity in their homes two years ago, have little no equity as of November 2008?
future profits	What does the creditworthiness of businesses depend on?
much worse	How did profit prospects for businesses look in November 2008 compared to November 2007?
global economic collapse	In 2008, what type collapse was feared?
UBS	What investment bank stated on October 6 that 2008 would see a global recession lasting for at least two years?
three quarters	On October 16, 2008, how long did UBS predict the United States' recession would last?
Iceland	Relative to the size of its economy, what country's banking collapse was the largest experienced by any country in economic history?
capital injection	What was one of the actions taken by government to fix the financial crisis?
more than a third	According to The Brookings Institution report in June 2009, how much growth did U.S. consumption account for between 2000 and 2007?
14.4%	For the first quarter of 2009, what was the annualized rate of decline in GDP in Germany?
21.5%	For the first quarter of 2009, what was the annualized rate of decline in GDP in Mexico?
the rest of the world	Who depended on the U.S. consumer as a source of global demand?
recession in the U.S.	What is one reason for the decline in growth around the world in 2009?
close to zero	What is the growth forecast for Cambodia in 2009?
$251 billion	How much were remittances sent from migrant workers in 2007?
300,000	How many people live below the poverty line in Bangladesh?
sound economic policymaking and good governance	What does Bruno Wenn of the German DEG recommend to attract new investors?
falls in trade	According to Overseas Development Institute, what is one reason for the reduction in growth in developing countries?
Arab World	What area of the world was less severely affected by the credit crunch according to The World Bank report In February 2009?
Foreign Direct Investment	What does the abbreviation FDI stand for?
global downturn	Arab countries entered the financial crisis in exceptionally strong positions giving them a cushion against this?
lower oil prices	What will have the greatest impact on the global economic crisis?
oil prices	What is the single most important determinant of economic performance?
10.1%	What was the U.S. unemployment rate in October 2009?
33	What was the average hours per work week in October 2009?
6%	What was the annual rate of decrease for the output of goods and services produced by labor and property in 4Q 2008 and 1Q 2009?
1983	The U.E. employment rate was 10.2% in October 2009, which was the highest rate since what year?
patent applications	The decline of gross domestic product also caused a decline in innovation, evidenced by the flat-lining of what?
faulty risk-weightings	Critics argue that Basel III doesn't address which problem?
financial engineering	What term describes creating risk-free assets out of high risk collateral?
Basel III regulations	What did European regulators introduce to increase the oversight of banks?
Johan Norberg	Who argued that regulations led to excessive lending to risky governments?
capital ratios	What was increased by Basel III regulations?
June 2009	When did the U.S. recession that began in December 2007 end?
June 2009	When did the financial crisis appear to have ended?
2008	When does the United States Financial Crisis Inquiry Commission date the crisis to?
More Quickly Than It Began, The Banking Crisis Is Over."	What was the name of the article that appeared in TIME magazine in April 2009 declaring the crisis over?
January 27, 2010	On what date did President Barack Obama declare that the markets are stabilized?
"emerging" and "developing" economies	Who led global economic growth after the financial crisis?
69%	How much global GDP did emerging and developing economies account for from 2007 to 2014?
global economic growth	What relationship between advanced and emerging/developing was completely overturned by the financial crisis of 2007?
31%	How much global GDP did "advanced" economies account for from 2007 to 2014?
Advanced economies	What economies led global economic growth prior to the financial crisis?
Krugman	Who believed that the growth of the commercial real estate bubble indicated that U.S. housing policy was not the cause of the crisis?
December 2010	When did Xudong An and Anthony B. Sanders issue a report about commercial mortgage-backed securities?
2006	According to business journalist Kimberly Amadeo, when did the first signs of decline in real estate occur?
commercial mortgage-backed securities	What are CMBS?
the crisis in commercial real estate	According to most analysts, what crisis took place after the crisis in residential real estate?
collateralized debt obligation	What is one investment assigned safe ratings by the credit rating agencies?
$70 trillion	How much was invested worldwide in fixed income investments?
roughly doubled in size	How much did the pool of money invested worldwide in fixed income investments grow in size from 2000 to 2007?
mortgage-backed security	What is an example of a product Wall Street invented to answer the demand for income generating investments?
U.S. Treasury bonds	In the 2000s, investors were seeking higher yields than those offered by this investment?
collateralized debt obligation	What is the name of the securities that enabled financial institutions to obtain investor funds to finance subprime?
extending or increasing the housing bubble	What was the outcome of collateralized debt obligations?
investment-grade ratings	What type ratings did securities first in line receive from rating agencies?
single pool	What type pool do collateralized debt obligations place their payments from mortgages into?
Securities with lower priority	What securities had lower credit ratings but potentially a higher rate of return?
over 20%	How much had average U.S. housing prices declined by September 2008?
mid-2006	When was the peak of U.S. housing prices?
nearly 1.3 million	How many foreclosure proceedings were initiated by lenders in 2007?
81%	What was the percentage increase on foreclosure proceedings from 2007 to 2008?
14.4%	How many U.S. mortgages were either delinquent or in foreclosure by September 2009?
1.0%	Was was the federal funds rate target lowered to by the Federal Reserve in 2003?
to combat a perceived risk of deflation	What is one reason the Federal Reserve lowered the federal funds rate target to 1.0% in 2003?
a housing bubble	In the early 2000s, what type bubble did some economists believe the Fed needed to create to replace the Nasdaq bubble?
excessive credit growth	What contributed greatly to the severity of the financial crisis of 2007?
Lower interest rates	What encouraged borrowing from 2000 to 2003?
$650 billion	Per Bernanke, how much did the U.S. current account deficit increase between 1996 and 2004?
5.8%	What percentage of GDP was the U.S. current account deficit in 2004?
Asia and oil-exporting nations	What emerging economies did the U.S. borrow money from between 1996 and 2004 to finance its imports?
capital account	What type account is needed by the U.S. to balance an account deficit?
foreign funds	Where did the U.S. obtain capital to finance its imports?
July 2004	When did the Fed begin raising Fed funds rate significantly?
adjustable-rate mortgage	What does ARM stand for:
inversely	How do asset prices generally move in relation to interest rates?
raised the Fed funds rate	Beginning in July 2004, what did the Fed do to make ARM rates more expensive for homeowners?
dramatically declined in value	How did U.S. housing and financial assets react to the housing bubble burst?
Citigroup	Richard M. Bowen III testified to the Financial Crisis Inquiry Commission regarding his tenure at which financial institution?
220	How many underwriters was Richard M. Bowen III responsible for at Citigroup?
60%	What percent of mortgages purchased by Citigroup in 2006 were defective?
1,600	In 2006, how many mortgage companies were contractually responsible to meet Citi's standards?

$144.5 billion

How much was withdrawn from money markets during one week in September 2008?

4.65%

What was the record high for the TED spread on October 10, 2008?

shadow banking system

Economist Paul Krugman explained the credit crisis via the implosion of which system?

shadow banking system

What is the system with nearly equal the importance of traditional commercial banking?

investor funds

The shadow banking system could not provide funds to mortgage firms and other corporations without the ability to obtain which funds?

U.S. Treasury Secretary

What was Timothy Geithner's position during the fall of 2008?

nearly one-third

How much of the U.S. lending mechanism was frozen until June 2009?

the collapse of the shadow banking system

What is the primary cause of the reduction in funds available for borrowing?

Brookings Institution

What institution reported that the traditional banking systems does not have the capital to close the gap in the lending mechanism?

some forms of securitization

What is likely to vanish forever, as a result of excessively loose credit conditions?

capital

As of June 2009, the Brookings Institution reports that traditional banking system does not have enough of what to close the lending gap?

more than a quarter

How much net worth did Americans lose between June 2007 and November 2008?

45%

In November 2008, how much was the U.S. stock index down from its 2007 high?

20%

In November 2008, how much had housing prices drop from their 2006 peak?

$13 trillion

How much was home equity valued in the United States at its peak in 2006?

$8.8 trillion

How much was home equity valued in the United States in mid-2008?

serious

According to economist Dean Baker, a homeowner who has no equity if this type default risk?

loss of close to $6 trillion in housing wealth

What is one of the major problems with the economy in November 2008?

Tens of millions

How many homeowners who had substantial equity in their homes two years ago, have little no equity as of November 2008?

future profits

What does the creditworthiness of businesses depend on?

much worse

How did profit prospects for businesses look in November 2008 compared to November 2007?

global economic collapse

In 2008, what type collapse was feared?

UBS

What investment bank stated on October 6 that 2008 would see a global recession lasting for at least two years?

three quarters

On October 16, 2008, how long did UBS predict the United States' recession would last?

Iceland

Relative to the size of its economy, what country's banking collapse was the largest experienced by any country in economic history?

capital injection

What was one of the actions taken by government to fix the financial crisis?

more than a third

According to The Brookings Institution report in June 2009, how much growth did U.S. consumption account for between 2000 and 2007?

14.4%

For the first quarter of 2009, what was the annualized rate of decline in GDP in Germany?

21.5%

For the first quarter of 2009, what was the annualized rate of decline in GDP in Mexico?

the rest of the world

Who depended on the U.S. consumer as a source of global demand?

recession in the U.S.

What is one reason for the decline in growth around the world in 2009?

close to zero

What is the growth forecast for Cambodia in 2009?

$251 billion

How much were remittances sent from migrant workers in 2007?

300,000

How many people live below the poverty line in Bangladesh?

sound economic policymaking and good governance

What does Bruno Wenn of the German DEG recommend to attract new investors?

falls in trade

According to Overseas Development Institute, what is one reason for the reduction in growth in developing countries?

Arab World

What area of the world was less severely affected by the credit crunch according to The World Bank report In February 2009?

Foreign Direct Investment

What does the abbreviation FDI stand for?

global downturn

Arab countries entered the financial crisis in exceptionally strong positions giving them a cushion against this?

lower oil prices

What will have the greatest impact on the global economic crisis?

oil prices

What is the single most important determinant of economic performance?

10.1%

What was the U.S. unemployment rate in October 2009?

33

What was the average hours per work week in October 2009?

6%

What was the annual rate of decrease for the output of goods and services produced by labor and property in 4Q 2008 and 1Q 2009?

1983

The U.E. employment rate was 10.2% in October 2009, which was the highest rate since what year?

patent applications

The decline of gross domestic product also caused a decline in innovation, evidenced by the flat-lining of what?

faulty risk-weightings

Critics argue that Basel III doesn't address which problem?

financial engineering

What term describes creating risk-free assets out of high risk collateral?

Basel III regulations

What did European regulators introduce to increase the oversight of banks?

Johan Norberg

Who argued that regulations led to excessive lending to risky governments?

capital ratios

What was increased by Basel III regulations?

June 2009

When did the U.S. recession that began in December 2007 end?

June 2009

When did the financial crisis appear to have ended?

2008

When does the United States Financial Crisis Inquiry Commission date the crisis to?

More Quickly Than It Began, The Banking Crisis Is Over."

What was the name of the article that appeared in TIME magazine in April 2009 declaring the crisis over?

January 27, 2010

On what date did President Barack Obama declare that the markets are stabilized?

"emerging" and "developing" economies

Who led global economic growth after the financial crisis?

69%

How much global GDP did emerging and developing economies account for from 2007 to 2014?

global economic growth

What relationship between advanced and emerging/developing was completely overturned by the financial crisis of 2007?

31%

How much global GDP did "advanced" economies account for from 2007 to 2014?

Advanced economies

What economies led global economic growth prior to the financial crisis?

Krugman

Who believed that the growth of the commercial real estate bubble indicated that U.S. housing policy was not the cause of the crisis?

December 2010

When did Xudong An and Anthony B. Sanders issue a report about commercial mortgage-backed securities?

2006

According to business journalist Kimberly Amadeo, when did the first signs of decline in real estate occur?

commercial mortgage-backed securities

What are CMBS?

the crisis in commercial real estate

According to most analysts, what crisis took place after the crisis in residential real estate?

collateralized debt obligation

What is one investment assigned safe ratings by the credit rating agencies?

$70 trillion

How much was invested worldwide in fixed income investments?

roughly doubled in size

How much did the pool of money invested worldwide in fixed income investments grow in size from 2000 to 2007?

mortgage-backed security

What is an example of a product Wall Street invented to answer the demand for income generating investments?

U.S. Treasury bonds

In the 2000s, investors were seeking higher yields than those offered by this investment?

collateralized debt obligation

What is the name of the securities that enabled financial institutions to obtain investor funds to finance subprime?

extending or increasing the housing bubble

What was the outcome of collateralized debt obligations?

investment-grade ratings

What type ratings did securities first in line receive from rating agencies?

single pool

What type pool do collateralized debt obligations place their payments from mortgages into?

Securities with lower priority

What securities had lower credit ratings but potentially a higher rate of return?

over 20%

How much had average U.S. housing prices declined by September 2008?

mid-2006

When was the peak of U.S. housing prices?

nearly 1.3 million

How many foreclosure proceedings were initiated by lenders in 2007?

81%

What was the percentage increase on foreclosure proceedings from 2007 to 2008?

14.4%

How many U.S. mortgages were either delinquent or in foreclosure by September 2009?

1.0%

Was was the federal funds rate target lowered to by the Federal Reserve in 2003?

to combat a perceived risk of deflation

What is one reason the Federal Reserve lowered the federal funds rate target to 1.0% in 2003?

a housing bubble

In the early 2000s, what type bubble did some economists believe the Fed needed to create to replace the Nasdaq bubble?

excessive credit growth

What contributed greatly to the severity of the financial crisis of 2007?

Lower interest rates

What encouraged borrowing from 2000 to 2003?

$650 billion

Per Bernanke, how much did the U.S. current account deficit increase between 1996 and 2004?

5.8%

What percentage of GDP was the U.S. current account deficit in 2004?

Asia and oil-exporting nations

What emerging economies did the U.S. borrow money from between 1996 and 2004 to finance its imports?

capital account

What type account is needed by the U.S. to balance an account deficit?

foreign funds

Where did the U.S. obtain capital to finance its imports?

July 2004

When did the Fed begin raising Fed funds rate significantly?

adjustable-rate mortgage

What does ARM stand for:

inversely

How do asset prices generally move in relation to interest rates?

raised the Fed funds rate

Beginning in July 2004, what did the Fed do to make ARM rates more expensive for homeowners?

dramatically declined in value

How did U.S. housing and financial assets react to the housing bubble burst?

Citigroup

Richard M. Bowen III testified to the Financial Crisis Inquiry Commission regarding his tenure at which financial institution?

220

How many underwriters was Richard M. Bowen III responsible for at Citigroup?

60%

What percent of mortgages purchased by Citigroup in 2006 were defective?

1,600

In 2006, how many mortgage companies were contractually responsible to meet Citi's standards?