id stringlengths 24 24 | title stringclasses 442
values | context stringlengths 151 3.71k | question stringlengths 12 270 | answers dict |
|---|---|---|---|---|
573368994776f41900660a41 | Financial_crisis_of_2007%E2%80%9308 | IndyMac often made loans without verification of the borrower’s income or assets, and to borrowers with poor credit histories. Appraisals obtained by IndyMac on underlying collateral were often questionable as well. As an Alt-A lender, IndyMac’s business model was to offer loan products to fit the borrower’s needs, usi... | IndyMac gave loans to borrower's with what type credit histories? | {
"answer_start": [
104
],
"text": [
"poor"
]
} |
573368994776f41900660a42 | Financial_crisis_of_2007%E2%80%9308 | IndyMac often made loans without verification of the borrower’s income or assets, and to borrowers with poor credit histories. Appraisals obtained by IndyMac on underlying collateral were often questionable as well. As an Alt-A lender, IndyMac’s business model was to offer loan products to fit the borrower’s needs, usi... | IndyMac offered this type of questionable loans to borrowers? | {
"answer_start": [
345
],
"text": [
"risky"
]
} |
573368994776f41900660a43 | Financial_crisis_of_2007%E2%80%9308 | IndyMac often made loans without verification of the borrower’s income or assets, and to borrowers with poor credit histories. Appraisals obtained by IndyMac on underlying collateral were often questionable as well. As an Alt-A lender, IndyMac’s business model was to offer loan products to fit the borrower’s needs, usi... | IndyMac resisted efforts by regulators to tighten this criteria of their loans? | {
"answer_start": [
759
],
"text": [
"issuing criteria"
]
} |
57336a43d058e614000b5aa7 | Financial_crisis_of_2007%E2%80%9308 | IndyMac reported that during April 2008, Moody's and Standard & Poor's downgraded the ratings on a significant number of Mortgage-backed security (MBS) bonds including $160 million of those issued by IndyMac and which the bank retained in its MBS portfolio. IndyMac concluded that these downgrades would have negatively ... | When did Moody's and Standard & Poor downgrade a significant number of IndyMac's MBS bonds? | {
"answer_start": [
29
],
"text": [
"April 2008"
]
} |
57336a43d058e614000b5aa8 | Financial_crisis_of_2007%E2%80%9308 | IndyMac reported that during April 2008, Moody's and Standard & Poor's downgraded the ratings on a significant number of Mortgage-backed security (MBS) bonds including $160 million of those issued by IndyMac and which the bank retained in its MBS portfolio. IndyMac concluded that these downgrades would have negatively ... | What was the value of IndyMac's MBS bonds retained in its MBS portfolio that were downgraded in April 2008? | {
"answer_start": [
168
],
"text": [
"$160 million"
]
} |
57336a43d058e614000b5aa9 | Financial_crisis_of_2007%E2%80%9308 | IndyMac reported that during April 2008, Moody's and Standard & Poor's downgraded the ratings on a significant number of Mortgage-backed security (MBS) bonds including $160 million of those issued by IndyMac and which the bank retained in its MBS portfolio. IndyMac concluded that these downgrades would have negatively ... | What was one of the agencies that downgraded a significant number of IndyMac's MBS bonds in April 2008? | {
"answer_start": [
41
],
"text": [
"Moody's"
]
} |
57336a43d058e614000b5aaa | Financial_crisis_of_2007%E2%80%9308 | IndyMac reported that during April 2008, Moody's and Standard & Poor's downgraded the ratings on a significant number of Mortgage-backed security (MBS) bonds including $160 million of those issued by IndyMac and which the bank retained in its MBS portfolio. IndyMac concluded that these downgrades would have negatively ... | If IndyMac's downgraded MBS bond ratings had been in effect at March 31, 2008, what would the bank's capital ratio have been? | {
"answer_start": [
513
],
"text": [
"9.27%"
]
} |
57336a43d058e614000b5aab | Financial_crisis_of_2007%E2%80%9308 | IndyMac reported that during April 2008, Moody's and Standard & Poor's downgraded the ratings on a significant number of Mortgage-backed security (MBS) bonds including $160 million of those issued by IndyMac and which the bank retained in its MBS portfolio. IndyMac concluded that these downgrades would have negatively ... | What is a well capitalized ratio? | {
"answer_start": [
643
],
"text": [
"minimum 10% risk-based"
]
} |
57336bbb4776f41900660a89 | Financial_crisis_of_2007%E2%80%9308 | Senator Charles Schumer (D-NY) would later point out that brokered deposits made up more than 37 percent of IndyMac's total deposits and ask the Federal Deposit Insurance Corporation (FDIC) whether it had considered ordering IndyMac to reduce its reliance on these deposits. With $18.9 billion in total deposits reported... | Who is the Senator that asked FDIC if it had considered ordering IndyMac to reduce its reliance on brokered deposits? | {
"answer_start": [
8
],
"text": [
"Charles Schumer (D-NY)"
]
} |
57336bbb4776f41900660a8a | Financial_crisis_of_2007%E2%80%9308 | Senator Charles Schumer (D-NY) would later point out that brokered deposits made up more than 37 percent of IndyMac's total deposits and ask the Federal Deposit Insurance Corporation (FDIC) whether it had considered ordering IndyMac to reduce its reliance on these deposits. With $18.9 billion in total deposits reported... | What does the abbreviation FDIC stand for? | {
"answer_start": [
145
],
"text": [
"Federal Deposit Insurance Corporation"
]
} |
57336bbb4776f41900660a8b | Financial_crisis_of_2007%E2%80%9308 | Senator Charles Schumer (D-NY) would later point out that brokered deposits made up more than 37 percent of IndyMac's total deposits and ask the Federal Deposit Insurance Corporation (FDIC) whether it had considered ordering IndyMac to reduce its reliance on these deposits. With $18.9 billion in total deposits reported... | How much of IndyMac's total deposits of $18.9 billion on March 31, 2008 were considered brokered deposits? | {
"answer_start": [
379
],
"text": [
"a little over $7 billion"
]
} |
57336bbb4776f41900660a8c | Financial_crisis_of_2007%E2%80%9308 | Senator Charles Schumer (D-NY) would later point out that brokered deposits made up more than 37 percent of IndyMac's total deposits and ask the Federal Deposit Insurance Corporation (FDIC) whether it had considered ordering IndyMac to reduce its reliance on these deposits. With $18.9 billion in total deposits reported... | Had the FDIC disallowed IndyMac from acquiring new brokered deposits on this date, the threat of brokered deposit losses would have been $500 million a month? | {
"answer_start": [
683
],
"text": [
"June 30"
]
} |
57336bbb4776f41900660a8d | Financial_crisis_of_2007%E2%80%9308 | Senator Charles Schumer (D-NY) would later point out that brokered deposits made up more than 37 percent of IndyMac's total deposits and ask the Federal Deposit Insurance Corporation (FDIC) whether it had considered ordering IndyMac to reduce its reliance on these deposits. With $18.9 billion in total deposits reported... | How much was the threat of brokered deposit losses per month to IndyMac? | {
"answer_start": [
584
],
"text": [
"$500 million"
]
} |
57336d734776f41900660aa6 | Financial_crisis_of_2007%E2%80%9308 | When home prices declined in the latter half of 2007 and the secondary mortgage market collapsed, IndyMac was forced to hold $10.7 billion of loans it could not sell in the secondary market. Its reduced liquidity was further exacerbated in late June 2008 when account holders withdrew $1.55 billion or about 7.5% of Indy... | What was the value of loans IndyMac was forced to hold when the secondary mortgage market collapsed in late 2007? | {
"answer_start": [
125
],
"text": [
"$10.7 billion"
]
} |
57336d734776f41900660aa7 | Financial_crisis_of_2007%E2%80%9308 | When home prices declined in the latter half of 2007 and the secondary mortgage market collapsed, IndyMac was forced to hold $10.7 billion of loans it could not sell in the secondary market. Its reduced liquidity was further exacerbated in late June 2008 when account holders withdrew $1.55 billion or about 7.5% of Indy... | How much in deposits did account holders withdraw from IndyMac in late June 2008? | {
"answer_start": [
285
],
"text": [
"$1.55 billion"
]
} |
57336d734776f41900660aa8 | Financial_crisis_of_2007%E2%80%9308 | When home prices declined in the latter half of 2007 and the secondary mortgage market collapsed, IndyMac was forced to hold $10.7 billion of loans it could not sell in the secondary market. Its reduced liquidity was further exacerbated in late June 2008 when account holders withdrew $1.55 billion or about 7.5% of Indy... | What percent of IndyMac's deposits were withdrawn by account holders in late June 2008? | {
"answer_start": [
308
],
"text": [
"7.5%"
]
} |
57336d734776f41900660aa9 | Financial_crisis_of_2007%E2%80%9308 | When home prices declined in the latter half of 2007 and the secondary mortgage market collapsed, IndyMac was forced to hold $10.7 billion of loans it could not sell in the secondary market. Its reduced liquidity was further exacerbated in late June 2008 when account holders withdrew $1.55 billion or about 7.5% of Indy... | Who is the Senator that released a letter to the FDIC and OTS that prompted a "run" on IndyMac? | {
"answer_start": [
414
],
"text": [
"Charles Schumer"
]
} |
57336d734776f41900660aaa | Financial_crisis_of_2007%E2%80%9308 | When home prices declined in the latter half of 2007 and the secondary mortgage market collapsed, IndyMac was forced to hold $10.7 billion of loans it could not sell in the secondary market. Its reduced liquidity was further exacerbated in late June 2008 when account holders withdrew $1.55 billion or about 7.5% of Indy... | What was the underlying cause of the failure on IndyMac? | {
"answer_start": [
627
],
"text": [
"unsafe and unsound manner in which the thrift was operated"
]
} |
57336e80d058e614000b5af1 | Financial_crisis_of_2007%E2%80%9308 | On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July... | On what date did the FDIC put IndyMac Bank into conservatorship? | {
"answer_start": [
3
],
"text": [
"July 11, 2008"
]
} |
57336e80d058e614000b5af2 | Financial_crisis_of_2007%E2%80%9308 | On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July... | What was the name of the bridge bank established to assume control of IndyMac Bank's assets, liabilities and deposit accounts? | {
"answer_start": [
108
],
"text": [
"IndyMac Federal Bank, FSB"
]
} |
57336e80d058e614000b5af3 | Financial_crisis_of_2007%E2%80%9308 | On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July... | On what date did the FDIC plan to open IndyMac Federal Bank, FSB? | {
"answer_start": [
316
],
"text": [
"July 14, 2008"
]
} |
57336e80d058e614000b5af4 | Financial_crisis_of_2007%E2%80%9308 | On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July... | What is the maximum amount of funds the FDIC guarantees in insured accounts? | {
"answer_start": [
599
],
"text": [
"US$100,000"
]
} |
57336e80d058e614000b5af5 | Financial_crisis_of_2007%E2%80%9308 | On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July... | How many IndyMac account holders held funds in excess of the FDIC's insured amount of US$100,000? | {
"answer_start": [
662
],
"text": [
"roughly 10,000 depositors"
]
} |
57336f6e4776f41900660acd | Financial_crisis_of_2007%E2%80%9308 | Initially the companies affected were those directly involved in home construction and mortgage lending such as Northern Rock and Countrywide Financial, as they could no longer obtain financing through the credit markets. Over 100 mortgage lenders went bankrupt during 2007 and 2008. Concerns that investment bank Bear S... | How many mortgage lenders went bankrupt during 2007 and 2008? | {
"answer_start": [
222
],
"text": [
"Over 100"
]
} |
57336f6e4776f41900660ace | Financial_crisis_of_2007%E2%80%9308 | Initially the companies affected were those directly involved in home construction and mortgage lending such as Northern Rock and Countrywide Financial, as they could no longer obtain financing through the credit markets. Over 100 mortgage lenders went bankrupt during 2007 and 2008. Concerns that investment bank Bear S... | Who is the investment bank that was feared to collapse in March 2008 and was sold in a fire-sale to JP Morgan Chase? | {
"answer_start": [
314
],
"text": [
"Bear Stearns"
]
} |
57336f6e4776f41900660acf | Financial_crisis_of_2007%E2%80%9308 | Initially the companies affected were those directly involved in home construction and mortgage lending such as Northern Rock and Countrywide Financial, as they could no longer obtain financing through the credit markets. Over 100 mortgage lenders went bankrupt during 2007 and 2008. Concerns that investment bank Bear S... | When did the financial institution crisis hit its peak? | {
"answer_start": [
451
],
"text": [
"September and October 2008"
]
} |
57336f6e4776f41900660ad0 | Financial_crisis_of_2007%E2%80%9308 | Initially the companies affected were those directly involved in home construction and mortgage lending such as Northern Rock and Countrywide Financial, as they could no longer obtain financing through the credit markets. Over 100 mortgage lenders went bankrupt during 2007 and 2008. Concerns that investment bank Bear S... | When did Lehman's former CEO appear before Representative Henry A. Waxman? | {
"answer_start": [
713
],
"text": [
"Oct. 6, 2008"
]
} |
57336f6e4776f41900660ad1 | Financial_crisis_of_2007%E2%80%9308 | Initially the companies affected were those directly involved in home construction and mortgage lending such as Northern Rock and Countrywide Financial, as they could no longer obtain financing through the credit markets. Over 100 mortgage lenders went bankrupt during 2007 and 2008. Concerns that investment bank Bear S... | What firm filed the largest bankruptcy in U.S. history? | {
"answer_start": [
745
],
"text": [
"Lehman Brothers"
]
} |
5733703c4776f41900660ad7 | Financial_crisis_of_2007%E2%80%9308 | In September 2008, the crisis hit its most critical stage. There was the equivalent of a bank run on the money market funds, which frequently invest in commercial paper issued by corporations to fund their operations and payrolls. Withdrawal from money markets were $144.5 billion during one week, versus $7.1 billion th... | When did the financial crisis hit its most critical stage? | {
"answer_start": [
3
],
"text": [
"September 2008"
]
} |
5733703c4776f41900660ad8 | Financial_crisis_of_2007%E2%80%9308 | In September 2008, the crisis hit its most critical stage. There was the equivalent of a bank run on the money market funds, which frequently invest in commercial paper issued by corporations to fund their operations and payrolls. Withdrawal from money markets were $144.5 billion during one week, versus $7.1 billion th... | The equivalent of a bank run on which funds occurred in September 2008? | {
"answer_start": [
105
],
"text": [
"money market funds"
]
} |
5733703c4776f41900660ad9 | Financial_crisis_of_2007%E2%80%9308 | In September 2008, the crisis hit its most critical stage. There was the equivalent of a bank run on the money market funds, which frequently invest in commercial paper issued by corporations to fund their operations and payrolls. Withdrawal from money markets were $144.5 billion during one week, versus $7.1 billion th... | What do money market funds frequently invest in? | {
"answer_start": [
152
],
"text": [
"commercial paper issued by corporations"
]
} |
5733703c4776f41900660ada | Financial_crisis_of_2007%E2%80%9308 | In September 2008, the crisis hit its most critical stage. There was the equivalent of a bank run on the money market funds, which frequently invest in commercial paper issued by corporations to fund their operations and payrolls. Withdrawal from money markets were $144.5 billion during one week, versus $7.1 billion th... | How much was withdrawn from money markets during one week in September 2008? | {
"answer_start": [
266
],
"text": [
"$144.5 billion"
]
} |
5733703c4776f41900660adb | Financial_crisis_of_2007%E2%80%9308 | In September 2008, the crisis hit its most critical stage. There was the equivalent of a bank run on the money market funds, which frequently invest in commercial paper issued by corporations to fund their operations and payrolls. Withdrawal from money markets were $144.5 billion during one week, versus $7.1 billion th... | What was the record high for the TED spread on October 10, 2008? | {
"answer_start": [
822
],
"text": [
"4.65%"
]
} |
57337227d058e614000b5b19 | Financial_crisis_of_2007%E2%80%9308 | Economist Paul Krugman and U.S. Treasury Secretary Timothy Geithner explain the credit crisis via the implosion of the shadow banking system, which had grown to nearly equal the importance of the traditional commercial banking sector as described above. Without the ability to obtain investor funds in exchange for most ... | Economist Paul Krugman explained the credit crisis via the implosion of which system? | {
"answer_start": [
119
],
"text": [
"shadow banking system"
]
} |
57337227d058e614000b5b1a | Financial_crisis_of_2007%E2%80%9308 | Economist Paul Krugman and U.S. Treasury Secretary Timothy Geithner explain the credit crisis via the implosion of the shadow banking system, which had grown to nearly equal the importance of the traditional commercial banking sector as described above. Without the ability to obtain investor funds in exchange for most ... | What is the system with nearly equal the importance of traditional commercial banking? | {
"answer_start": [
119
],
"text": [
"shadow banking system"
]
} |
57337227d058e614000b5b1b | Financial_crisis_of_2007%E2%80%9308 | Economist Paul Krugman and U.S. Treasury Secretary Timothy Geithner explain the credit crisis via the implosion of the shadow banking system, which had grown to nearly equal the importance of the traditional commercial banking sector as described above. Without the ability to obtain investor funds in exchange for most ... | The shadow banking system could not provide funds to mortgage firms and other corporations without the ability to obtain which funds? | {
"answer_start": [
284
],
"text": [
"investor funds"
]
} |
57337227d058e614000b5b1c | Financial_crisis_of_2007%E2%80%9308 | Economist Paul Krugman and U.S. Treasury Secretary Timothy Geithner explain the credit crisis via the implosion of the shadow banking system, which had grown to nearly equal the importance of the traditional commercial banking sector as described above. Without the ability to obtain investor funds in exchange for most ... | What was Timothy Geithner's position during the fall of 2008? | {
"answer_start": [
27
],
"text": [
"U.S. Treasury Secretary"
]
} |
57337343d058e614000b5b30 | Financial_crisis_of_2007%E2%80%9308 | This meant that nearly one-third of the U.S. lending mechanism was frozen and continued to be frozen into June 2009. According to the Brookings Institution, the traditional banking system does not have the capital to close this gap as of June 2009: "It would take a number of years of strong profits to generate sufficie... | How much of the U.S. lending mechanism was frozen until June 2009? | {
"answer_start": [
16
],
"text": [
"nearly one-third"
]
} |
57337343d058e614000b5b31 | Financial_crisis_of_2007%E2%80%9308 | This meant that nearly one-third of the U.S. lending mechanism was frozen and continued to be frozen into June 2009. According to the Brookings Institution, the traditional banking system does not have the capital to close this gap as of June 2009: "It would take a number of years of strong profits to generate sufficie... | What is the primary cause of the reduction in funds available for borrowing? | {
"answer_start": [
599
],
"text": [
"the collapse of the shadow banking system"
]
} |
57337343d058e614000b5b32 | Financial_crisis_of_2007%E2%80%9308 | This meant that nearly one-third of the U.S. lending mechanism was frozen and continued to be frozen into June 2009. According to the Brookings Institution, the traditional banking system does not have the capital to close this gap as of June 2009: "It would take a number of years of strong profits to generate sufficie... | What institution reported that the traditional banking systems does not have the capital to close the gap in the lending mechanism? | {
"answer_start": [
134
],
"text": [
"Brookings Institution"
]
} |
57337343d058e614000b5b33 | Financial_crisis_of_2007%E2%80%9308 | This meant that nearly one-third of the U.S. lending mechanism was frozen and continued to be frozen into June 2009. According to the Brookings Institution, the traditional banking system does not have the capital to close this gap as of June 2009: "It would take a number of years of strong profits to generate sufficie... | What is likely to vanish forever, as a result of excessively loose credit conditions? | {
"answer_start": [
406
],
"text": [
"some forms of securitization"
]
} |
57337343d058e614000b5b34 | Financial_crisis_of_2007%E2%80%9308 | This meant that nearly one-third of the U.S. lending mechanism was frozen and continued to be frozen into June 2009. According to the Brookings Institution, the traditional banking system does not have the capital to close this gap as of June 2009: "It would take a number of years of strong profits to generate sufficie... | As of June 2009, the Brookings Institution reports that traditional banking system does not have enough of what to close the lending gap? | {
"answer_start": [
206
],
"text": [
"capital"
]
} |
573374204776f41900660b02 | Financial_crisis_of_2007%E2%80%9308 | There is a direct relationship between declines in wealth and declines in consumption and business investment, which along with government spending, represent the economic engine. Between June 2007 and November 2008, Americans lost an estimated average of more than a quarter of their collective net worth.[citation need... | How much net worth did Americans lose between June 2007 and November 2008? | {
"answer_start": [
256
],
"text": [
"more than a quarter"
]
} |
573374204776f41900660b03 | Financial_crisis_of_2007%E2%80%9308 | There is a direct relationship between declines in wealth and declines in consumption and business investment, which along with government spending, represent the economic engine. Between June 2007 and November 2008, Americans lost an estimated average of more than a quarter of their collective net worth.[citation need... | In November 2008, how much was the U.S. stock index down from its 2007 high? | {
"answer_start": [
395
],
"text": [
"45%"
]
} |
573374204776f41900660b04 | Financial_crisis_of_2007%E2%80%9308 | There is a direct relationship between declines in wealth and declines in consumption and business investment, which along with government spending, represent the economic engine. Between June 2007 and November 2008, Americans lost an estimated average of more than a quarter of their collective net worth.[citation need... | In November 2008, how much had housing prices drop from their 2006 peak? | {
"answer_start": [
446
],
"text": [
"20%"
]
} |
573374204776f41900660b05 | Financial_crisis_of_2007%E2%80%9308 | There is a direct relationship between declines in wealth and declines in consumption and business investment, which along with government spending, represent the economic engine. Between June 2007 and November 2008, Americans lost an estimated average of more than a quarter of their collective net worth.[citation need... | How much was home equity valued in the United States at its peak in 2006? | {
"answer_start": [
588
],
"text": [
"$13 trillion"
]
} |
573374204776f41900660b06 | Financial_crisis_of_2007%E2%80%9308 | There is a direct relationship between declines in wealth and declines in consumption and business investment, which along with government spending, represent the economic engine. Between June 2007 and November 2008, Americans lost an estimated average of more than a quarter of their collective net worth.[citation need... | How much was home equity valued in the United States in mid-2008? | {
"answer_start": [
637
],
"text": [
"$8.8 trillion"
]
} |
57337520d058e614000b5b4c | Financial_crisis_of_2007%E2%80%9308 | In November 2008, economist Dean Baker observed: "There is a really good reason for tighter credit. Tens of millions of homeowners who had substantial equity in their homes two years ago have little or nothing today. Businesses are facing the worst downturn since the Great Depression. This matters for credit decisions.... | According to economist Dean Baker, a homeowner who has no equity if this type default risk? | {
"answer_start": [
584
],
"text": [
"serious"
]
} |
57337520d058e614000b5b4d | Financial_crisis_of_2007%E2%80%9308 | In November 2008, economist Dean Baker observed: "There is a really good reason for tighter credit. Tens of millions of homeowners who had substantial equity in their homes two years ago have little or nothing today. Businesses are facing the worst downturn since the Great Depression. This matters for credit decisions.... | What is one of the major problems with the economy in November 2008? | {
"answer_start": [
985
],
"text": [
"loss of close to $6 trillion in housing wealth"
]
} |
57337520d058e614000b5b4e | Financial_crisis_of_2007%E2%80%9308 | In November 2008, economist Dean Baker observed: "There is a really good reason for tighter credit. Tens of millions of homeowners who had substantial equity in their homes two years ago have little or nothing today. Businesses are facing the worst downturn since the Great Depression. This matters for credit decisions.... | How many homeowners who had substantial equity in their homes two years ago, have little no equity as of November 2008? | {
"answer_start": [
100
],
"text": [
"Tens of millions"
]
} |
57337520d058e614000b5b4f | Financial_crisis_of_2007%E2%80%9308 | In November 2008, economist Dean Baker observed: "There is a really good reason for tighter credit. Tens of millions of homeowners who had substantial equity in their homes two years ago have little or nothing today. Businesses are facing the worst downturn since the Great Depression. This matters for credit decisions.... | What does the creditworthiness of businesses depend on? | {
"answer_start": [
673
],
"text": [
"future profits"
]
} |
57337520d058e614000b5b50 | Financial_crisis_of_2007%E2%80%9308 | In November 2008, economist Dean Baker observed: "There is a really good reason for tighter credit. Tens of millions of homeowners who had substantial equity in their homes two years ago have little or nothing today. Businesses are facing the worst downturn since the Great Depression. This matters for credit decisions.... | How did profit prospects for businesses look in November 2008 compared to November 2007? | {
"answer_start": [
711
],
"text": [
"much worse"
]
} |
573376974776f41900660b3e | Financial_crisis_of_2007%E2%80%9308 | Several commentators have suggested that if the liquidity crisis continues, an extended recession or worse could occur. The continuing development of the crisis has prompted fears of a global economic collapse although there are now many cautiously optimistic forecasters in addition to some prominent sources who remain... | In 2008, what type collapse was feared? | {
"answer_start": [
185
],
"text": [
"global economic collapse"
]
} |
573376974776f41900660b3f | Financial_crisis_of_2007%E2%80%9308 | Several commentators have suggested that if the liquidity crisis continues, an extended recession or worse could occur. The continuing development of the crisis has prompted fears of a global economic collapse although there are now many cautiously optimistic forecasters in addition to some prominent sources who remain... | What investment bank stated on October 6 that 2008 would see a global recession lasting for at least two years? | {
"answer_start": [
453
],
"text": [
"UBS"
]
} |
573376974776f41900660b40 | Financial_crisis_of_2007%E2%80%9308 | Several commentators have suggested that if the liquidity crisis continues, an extended recession or worse could occur. The continuing development of the crisis has prompted fears of a global economic collapse although there are now many cautiously optimistic forecasters in addition to some prominent sources who remain... | On October 16, 2008, how long did UBS predict the United States' recession would last? | {
"answer_start": [
1288
],
"text": [
"three quarters"
]
} |
573376974776f41900660b41 | Financial_crisis_of_2007%E2%80%9308 | Several commentators have suggested that if the liquidity crisis continues, an extended recession or worse could occur. The continuing development of the crisis has prompted fears of a global economic collapse although there are now many cautiously optimistic forecasters in addition to some prominent sources who remain... | Relative to the size of its economy, what country's banking collapse was the largest experienced by any country in economic history? | {
"answer_start": [
1472
],
"text": [
"Iceland"
]
} |
573376974776f41900660b42 | Financial_crisis_of_2007%E2%80%9308 | Several commentators have suggested that if the liquidity crisis continues, an extended recession or worse could occur. The continuing development of the crisis has prompted fears of a global economic collapse although there are now many cautiously optimistic forecasters in addition to some prominent sources who remain... | What was one of the actions taken by government to fix the financial crisis? | {
"answer_start": [
742
],
"text": [
"capital injection"
]
} |
573377904776f41900660b4d | Financial_crisis_of_2007%E2%80%9308 | The Brookings Institution reported in June 2009 that U.S. consumption accounted for more than a third of the growth in global consumption between 2000 and 2007. "The US economy has been spending too much and borrowing too much for years and the rest of the world depended on the U.S. consumer as a source of global deman... | According to The Brookings Institution report in June 2009, how much growth did U.S. consumption account for between 2000 and 2007? | {
"answer_start": [
84
],
"text": [
"more than a third"
]
} |
573377904776f41900660b4e | Financial_crisis_of_2007%E2%80%9308 | The Brookings Institution reported in June 2009 that U.S. consumption accounted for more than a third of the growth in global consumption between 2000 and 2007. "The US economy has been spending too much and borrowing too much for years and the rest of the world depended on the U.S. consumer as a source of global deman... | For the first quarter of 2009, what was the annualized rate of decline in GDP in Germany? | {
"answer_start": [
525
],
"text": [
"14.4%"
]
} |
573377904776f41900660b4f | Financial_crisis_of_2007%E2%80%9308 | The Brookings Institution reported in June 2009 that U.S. consumption accounted for more than a third of the growth in global consumption between 2000 and 2007. "The US economy has been spending too much and borrowing too much for years and the rest of the world depended on the U.S. consumer as a source of global deman... | For the first quarter of 2009, what was the annualized rate of decline in GDP in Mexico? | {
"answer_start": [
616
],
"text": [
"21.5%"
]
} |
573377904776f41900660b50 | Financial_crisis_of_2007%E2%80%9308 | The Brookings Institution reported in June 2009 that U.S. consumption accounted for more than a third of the growth in global consumption between 2000 and 2007. "The US economy has been spending too much and borrowing too much for years and the rest of the world depended on the U.S. consumer as a source of global deman... | Who depended on the U.S. consumer as a source of global demand? | {
"answer_start": [
241
],
"text": [
"the rest of the world"
]
} |
573377904776f41900660b51 | Financial_crisis_of_2007%E2%80%9308 | The Brookings Institution reported in June 2009 that U.S. consumption accounted for more than a third of the growth in global consumption between 2000 and 2007. "The US economy has been spending too much and borrowing too much for years and the rest of the world depended on the U.S. consumer as a source of global deman... | What is one reason for the decline in growth around the world in 2009? | {
"answer_start": [
331
],
"text": [
"recession in the U.S."
]
} |
573378a84776f41900660b57 | Financial_crisis_of_2007%E2%80%9308 | Some developing countries that had seen strong economic growth saw significant slowdowns. For example, growth forecasts in Cambodia show a fall from more than 10% in 2007 to close to zero in 2009, and Kenya may achieve only 3–4% growth in 2009, down from 7% in 2007. According to the research by the Overseas Development... | What is the growth forecast for Cambodia in 2009? | {
"answer_start": [
174
],
"text": [
"close to zero"
]
} |
573378a84776f41900660b58 | Financial_crisis_of_2007%E2%80%9308 | Some developing countries that had seen strong economic growth saw significant slowdowns. For example, growth forecasts in Cambodia show a fall from more than 10% in 2007 to close to zero in 2009, and Kenya may achieve only 3–4% growth in 2009, down from 7% in 2007. According to the research by the Overseas Development... | How much were remittances sent from migrant workers in 2007? | {
"answer_start": [
485
],
"text": [
"$251 billion"
]
} |
573378a84776f41900660b59 | Financial_crisis_of_2007%E2%80%9308 | Some developing countries that had seen strong economic growth saw significant slowdowns. For example, growth forecasts in Cambodia show a fall from more than 10% in 2007 to close to zero in 2009, and Kenya may achieve only 3–4% growth in 2009, down from 7% in 2007. According to the research by the Overseas Development... | How many people live below the poverty line in Bangladesh? | {
"answer_start": [
673
],
"text": [
"300,000"
]
} |
573378a84776f41900660b5a | Financial_crisis_of_2007%E2%80%9308 | Some developing countries that had seen strong economic growth saw significant slowdowns. For example, growth forecasts in Cambodia show a fall from more than 10% in 2007 to close to zero in 2009, and Kenya may achieve only 3–4% growth in 2009, down from 7% in 2007. According to the research by the Overseas Development... | What does Bruno Wenn of the German DEG recommend to attract new investors? | {
"answer_start": [
911
],
"text": [
"sound economic policymaking and good governance"
]
} |
573378a84776f41900660b5b | Financial_crisis_of_2007%E2%80%9308 | Some developing countries that had seen strong economic growth saw significant slowdowns. For example, growth forecasts in Cambodia show a fall from more than 10% in 2007 to close to zero in 2009, and Kenya may achieve only 3–4% growth in 2009, down from 7% in 2007. According to the research by the Overseas Development... | According to Overseas Development Institute, what is one reason for the reduction in growth in developing countries? | {
"answer_start": [
374
],
"text": [
"falls in trade"
]
} |
5733797b4776f41900660b6b | Financial_crisis_of_2007%E2%80%9308 | The World Bank reported in February 2009 that the Arab World was far less severely affected by the credit crunch. With generally good balance of payments positions coming into the crisis or with alternative sources of financing for their large current account deficits, such as remittances, Foreign Direct Investment (FD... | What area of the world was less severely affected by the credit crunch according to The World Bank report In February 2009? | {
"answer_start": [
50
],
"text": [
"Arab World"
]
} |
5733797b4776f41900660b6c | Financial_crisis_of_2007%E2%80%9308 | The World Bank reported in February 2009 that the Arab World was far less severely affected by the credit crunch. With generally good balance of payments positions coming into the crisis or with alternative sources of financing for their large current account deficits, such as remittances, Foreign Direct Investment (FD... | What does the abbreviation FDI stand for? | {
"answer_start": [
291
],
"text": [
"Foreign Direct Investment"
]
} |
5733797b4776f41900660b6d | Financial_crisis_of_2007%E2%80%9308 | The World Bank reported in February 2009 that the Arab World was far less severely affected by the credit crunch. With generally good balance of payments positions coming into the crisis or with alternative sources of financing for their large current account deficits, such as remittances, Foreign Direct Investment (FD... | Arab countries entered the financial crisis in exceptionally strong positions giving them a cushion against this? | {
"answer_start": [
596
],
"text": [
"global downturn"
]
} |
5733797b4776f41900660b6e | Financial_crisis_of_2007%E2%80%9308 | The World Bank reported in February 2009 that the Arab World was far less severely affected by the credit crunch. With generally good balance of payments positions coming into the crisis or with alternative sources of financing for their large current account deficits, such as remittances, Foreign Direct Investment (FD... | What will have the greatest impact on the global economic crisis? | {
"answer_start": [
688
],
"text": [
"lower oil prices"
]
} |
5733797b4776f41900660b6f | Financial_crisis_of_2007%E2%80%9308 | The World Bank reported in February 2009 that the Arab World was far less severely affected by the credit crunch. With generally good balance of payments positions coming into the crisis or with alternative sources of financing for their large current account deficits, such as remittances, Foreign Direct Investment (FD... | What is the single most important determinant of economic performance? | {
"answer_start": [
802
],
"text": [
"oil prices"
]
} |
57337ebd4776f41900660bda | Financial_crisis_of_2007%E2%80%9308 | The output of goods and services produced by labor and property located in the United States—decreased at an annual rate of approximately 6% in the fourth quarter of 2008 and first quarter of 2009, versus activity in the year-ago periods. The U.S. unemployment rate increased to 10.1% by October 2009, the highest rate s... | 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? | {
"answer_start": [
138
],
"text": [
"6%"
]
} |
57337ebd4776f41900660bdb | Financial_crisis_of_2007%E2%80%9308 | The output of goods and services produced by labor and property located in the United States—decreased at an annual rate of approximately 6% in the fourth quarter of 2008 and first quarter of 2009, versus activity in the year-ago periods. The U.S. unemployment rate increased to 10.1% by October 2009, the highest rate s... | What was the U.S. unemployment rate in October 2009? | {
"answer_start": [
279
],
"text": [
"10.1%"
]
} |
57337ebd4776f41900660bdc | Financial_crisis_of_2007%E2%80%9308 | The output of goods and services produced by labor and property located in the United States—decreased at an annual rate of approximately 6% in the fourth quarter of 2008 and first quarter of 2009, versus activity in the year-ago periods. The U.S. unemployment rate increased to 10.1% by October 2009, the highest rate s... | The U.E. employment rate was 10.2% in October 2009, which was the highest rate since what year? | {
"answer_start": [
325
],
"text": [
"1983"
]
} |
57337ebd4776f41900660bdd | Financial_crisis_of_2007%E2%80%9308 | The output of goods and services produced by labor and property located in the United States—decreased at an annual rate of approximately 6% in the fourth quarter of 2008 and first quarter of 2009, versus activity in the year-ago periods. The U.S. unemployment rate increased to 10.1% by October 2009, the highest rate s... | What was the average hours per work week in October 2009? | {
"answer_start": [
413
],
"text": [
"33"
]
} |
57337ebd4776f41900660bde | Financial_crisis_of_2007%E2%80%9308 | The output of goods and services produced by labor and property located in the United States—decreased at an annual rate of approximately 6% in the fourth quarter of 2008 and first quarter of 2009, versus activity in the year-ago periods. The U.S. unemployment rate increased to 10.1% by October 2009, the highest rate s... | The decline of gross domestic product also caused a decline in innovation, evidenced by the flat-lining of what? | {
"answer_start": [
633
],
"text": [
"patent applications"
]
} |
57337fd34776f41900660bf9 | Financial_crisis_of_2007%E2%80%9308 | Typical American families did not fare as well, nor did those "wealthy-but-not wealthiest" families just beneath the pyramid's top. On the other hand, half of the poorest families did not have wealth declines at all during the crisis. The Federal Reserve surveyed 4,000 households between 2007 and 2009, and found that t... | How many of the poorest families did not have any wealth decline during the financial crisis? | {
"answer_start": [
151
],
"text": [
"half"
]
} |
57337fd34776f41900660bfa | Financial_crisis_of_2007%E2%80%9308 | Typical American families did not fare as well, nor did those "wealthy-but-not wealthiest" families just beneath the pyramid's top. On the other hand, half of the poorest families did not have wealth declines at all during the crisis. The Federal Reserve surveyed 4,000 households between 2007 and 2009, and found that t... | In a Federal Reserve survey of 4,000 households, what percent reported wealth decline between 2007 and 2009? | {
"answer_start": [
339
],
"text": [
"63"
]
} |
57337fd34776f41900660bfb | Financial_crisis_of_2007%E2%80%9308 | Typical American families did not fare as well, nor did those "wealthy-but-not wealthiest" families just beneath the pyramid's top. On the other hand, half of the poorest families did not have wealth declines at all during the crisis. The Federal Reserve surveyed 4,000 households between 2007 and 2009, and found that t... | How many of the richest families had a decrease in total wealth between 2007 and 2009? | {
"answer_start": [
392
],
"text": [
"77"
]
} |
57337fd34776f41900660bfc | Financial_crisis_of_2007%E2%80%9308 | Typical American families did not fare as well, nor did those "wealthy-but-not wealthiest" families just beneath the pyramid's top. On the other hand, half of the poorest families did not have wealth declines at all during the crisis. The Federal Reserve surveyed 4,000 households between 2007 and 2009, and found that t... | How many families at the bottom of the pyramid had a decrease in total wealth between 2007 and 2009? | {
"answer_start": [
470
],
"text": [
"50"
]
} |
57337fd34776f41900660bfd | Financial_crisis_of_2007%E2%80%9308 | Typical American families did not fare as well, nor did those "wealthy-but-not wealthiest" families just beneath the pyramid's top. On the other hand, half of the poorest families did not have wealth declines at all during the crisis. The Federal Reserve surveyed 4,000 households between 2007 and 2009, and found that t... | Which families experienced the least decline in wealth between 2007 and 2009? | {
"answer_start": [
163
],
"text": [
"poorest families"
]
} |
573381524776f41900660c15 | Financial_crisis_of_2007%E2%80%9308 | On November 3, 2008, the European Commission at Brussels predicted for 2009 an extremely weak growth of GDP, by 0.1%, for the countries of the Eurozone (France, Germany, Italy, Belgium etc.) and even negative number for the UK (−1.0%), Ireland and Spain. On November 6, the IMF at Washington, D.C., launched numbers pred... | On November 3, 2008, who predicted extremely weak GDP growth for the Eurozone in 2009? | {
"answer_start": [
25
],
"text": [
"European Commission at Brussels"
]
} |
573381524776f41900660c16 | Financial_crisis_of_2007%E2%80%9308 | On November 3, 2008, the European Commission at Brussels predicted for 2009 an extremely weak growth of GDP, by 0.1%, for the countries of the Eurozone (France, Germany, Italy, Belgium etc.) and even negative number for the UK (−1.0%), Ireland and Spain. On November 6, the IMF at Washington, D.C., launched numbers pred... | How much did the European Commission estimate the GDP growth for Eurozone countries would be in 2009? | {
"answer_start": [
112
],
"text": [
"0.1%"
]
} |
573381524776f41900660c17 | Financial_crisis_of_2007%E2%80%9308 | On November 3, 2008, the European Commission at Brussels predicted for 2009 an extremely weak growth of GDP, by 0.1%, for the countries of the Eurozone (France, Germany, Italy, Belgium etc.) and even negative number for the UK (−1.0%), Ireland and Spain. On November 6, the IMF at Washington, D.C., launched numbers pred... | How much did the European Commission estimate the GDP growth for the UK would be in 2009? | {
"answer_start": [
228
],
"text": [
"−1.0%"
]
} |
573381524776f41900660c18 | Financial_crisis_of_2007%E2%80%9308 | On November 3, 2008, the European Commission at Brussels predicted for 2009 an extremely weak growth of GDP, by 0.1%, for the countries of the Eurozone (France, Germany, Italy, Belgium etc.) and even negative number for the UK (−1.0%), Ireland and Spain. On November 6, the IMF at Washington, D.C., launched numbers pred... | On November 6, in Washington, D.C., who predicted a worldwide recession for 2009? | {
"answer_start": [
270
],
"text": [
"the IMF"
]
} |
573381524776f41900660c19 | Financial_crisis_of_2007%E2%80%9308 | On November 3, 2008, the European Commission at Brussels predicted for 2009 an extremely weak growth of GDP, by 0.1%, for the countries of the Eurozone (France, Germany, Italy, Belgium etc.) and even negative number for the UK (−1.0%), Ireland and Spain. On November 6, the IMF at Washington, D.C., launched numbers pred... | On November 5, 2008, the Bank of England reduced their interest rate from 4.5% to what? | {
"answer_start": [
536
],
"text": [
"3%"
]
} |
5733823bd058e614000b5c03 | Financial_crisis_of_2007%E2%80%9308 | The U.S. Federal Reserve and central banks around the world have taken steps to expand money supplies to avoid the risk of a deflationary spiral, in which lower wages and higher unemployment lead to a self-reinforcing decline in global consumption. In addition, governments have enacted large fiscal stimulus packages, b... | What have central banks around the world done to avoid the risk of a deflationary spiral? | {
"answer_start": [
80
],
"text": [
"expand money supplies"
]
} |
5733823bd058e614000b5c04 | Financial_crisis_of_2007%E2%80%9308 | The U.S. Federal Reserve and central banks around the world have taken steps to expand money supplies to avoid the risk of a deflationary spiral, in which lower wages and higher unemployment lead to a self-reinforcing decline in global consumption. In addition, governments have enacted large fiscal stimulus packages, b... | What have governments done to offset the reduction in private sector demand? | {
"answer_start": [
279
],
"text": [
"enacted large fiscal stimulus packages"
]
} |
5733823bd058e614000b5c05 | Financial_crisis_of_2007%E2%80%9308 | The U.S. Federal Reserve and central banks around the world have taken steps to expand money supplies to avoid the risk of a deflationary spiral, in which lower wages and higher unemployment lead to a self-reinforcing decline in global consumption. In addition, governments have enacted large fiscal stimulus packages, b... | What is the U.S. Federal Reserve's traditional role during a crisis? | {
"answer_start": [
549
],
"text": [
"lender-of-last-resort"
]
} |
5733823bd058e614000b5c06 | Financial_crisis_of_2007%E2%80%9308 | The U.S. Federal Reserve and central banks around the world have taken steps to expand money supplies to avoid the risk of a deflationary spiral, in which lower wages and higher unemployment lead to a self-reinforcing decline in global consumption. In addition, governments have enacted large fiscal stimulus packages, b... | What did the U.S. Federal Reserve do to increase access to liquidity? | {
"answer_start": [
451
],
"text": [
"expanded liquidity facilities"
]
} |
5733823bd058e614000b5c07 | Financial_crisis_of_2007%E2%80%9308 | The U.S. Federal Reserve and central banks around the world have taken steps to expand money supplies to avoid the risk of a deflationary spiral, in which lower wages and higher unemployment lead to a self-reinforcing decline in global consumption. In addition, governments have enacted large fiscal stimulus packages, b... | What type decline does lower wages and higher unemployment lead to? | {
"answer_start": [
201
],
"text": [
"self-reinforcing decline"
]
} |
5733835e4776f41900660c4b | Financial_crisis_of_2007%E2%80%9308 | This credit freeze brought the global financial system to the brink of collapse. The response of the Federal Reserve, the European Central Bank, the Bank of England and other central banks was immediate and dramatic. During the last quarter of 2008, these central banks purchased US$2.5 trillion of government debt and t... | What brought the global financial system to the brink of collapse? | {
"answer_start": [
5
],
"text": [
"credit freeze"
]
} |
5733835e4776f41900660c4c | Financial_crisis_of_2007%E2%80%9308 | This credit freeze brought the global financial system to the brink of collapse. The response of the Federal Reserve, the European Central Bank, the Bank of England and other central banks was immediate and dramatic. During the last quarter of 2008, these central banks purchased US$2.5 trillion of government debt and t... | How much government debt and troubled private assets did central banks purchase during the last quarter of 2008? | {
"answer_start": [
280
],
"text": [
"US$2.5 trillion"
]
} |
5733835e4776f41900660c4d | Financial_crisis_of_2007%E2%80%9308 | This credit freeze brought the global financial system to the brink of collapse. The response of the Federal Reserve, the European Central Bank, the Bank of England and other central banks was immediate and dramatic. During the last quarter of 2008, these central banks purchased US$2.5 trillion of government debt and t... | How much preferred stock did governments of European nations and the USA purchase in their major banks? | {
"answer_start": [
719
],
"text": [
"$1.5 trillion"
]
} |
5733835e4776f41900660c4e | Financial_crisis_of_2007%E2%80%9308 | This credit freeze brought the global financial system to the brink of collapse. The response of the Federal Reserve, the European Central Bank, the Bank of England and other central banks was immediate and dramatic. During the last quarter of 2008, these central banks purchased US$2.5 trillion of government debt and t... | In October 2010, who was the Nobel laureate that explained how the U.S. Federal Reserve was creating currency to combat the liquidity trap? | {
"answer_start": [
816
],
"text": [
"Joseph Stiglitz"
]
} |
5733835e4776f41900660c4f | Financial_crisis_of_2007%E2%80%9308 | This credit freeze brought the global financial system to the brink of collapse. The response of the Federal Reserve, the European Central Bank, the Bank of England and other central banks was immediate and dramatic. During the last quarter of 2008, these central banks purchased US$2.5 trillion of government debt and t... | What did the banks chose to do with the money created by the Federal Reserve instead of financing more domestic loans and refinancing mortgages? | {
"answer_start": [
1235
],
"text": [
"investing internationally in emerging markets"
]
} |
57338497d058e614000b5c4c | Financial_crisis_of_2007%E2%80%9308 | United States President Barack Obama and key advisers introduced a series of regulatory proposals in June 2009. The proposals address consumer protection, executive pay, bank financial cushions or capital requirements, expanded regulation of the shadow banking system and derivatives, and enhanced authority for the Fede... | What was introduced by President Barack Obama in June 2009? | {
"answer_start": [
65
],
"text": [
"a series of regulatory proposals"
]
} |
57338497d058e614000b5c4d | Financial_crisis_of_2007%E2%80%9308 | United States President Barack Obama and key advisers introduced a series of regulatory proposals in June 2009. The proposals address consumer protection, executive pay, bank financial cushions or capital requirements, expanded regulation of the shadow banking system and derivatives, and enhanced authority for the Fede... | What was one of the items important to consumers that was addressed by the new regulatory proposals introduced in June 2009? | {
"answer_start": [
134
],
"text": [
"consumer protection"
]
} |
57338497d058e614000b5c4e | Financial_crisis_of_2007%E2%80%9308 | United States President Barack Obama and key advisers introduced a series of regulatory proposals in June 2009. The proposals address consumer protection, executive pay, bank financial cushions or capital requirements, expanded regulation of the shadow banking system and derivatives, and enhanced authority for the Fede... | Regulations were proposed by Obama in January 2010 to limit the ability of banks to engage in which type trading? | {
"answer_start": [
501
],
"text": [
"proprietary"
]
} |
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