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SQuAD
As financial assets became more and more complex, and harder and harder to value, investors were reassured by the fact that both the international bond rating agencies and bank regulators, who came to rely on them, accepted as valid some complex mathematical models which theoretically showed the risks were much smaller...
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bb62117118ce4c2eb7010eee5aa7789d
Who commented that the super-boom got out of hand when products became so complicated that risk could not be accurately calculated?
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{ "text": [ "George Soros" ], "char_spans": [ { "start": [ 354 ], "end": [ 365 ] } ], "token_spans": [ { "start": [ 62 ], "end": [ 63 ] } ] }
[ "George Soros" ]
SQuAD
As financial assets became more and more complex, and harder and harder to value, investors were reassured by the fact that both the international bond rating agencies and bank regulators, who came to rely on them, accepted as valid some complex mathematical models which theoretically showed the risks were much smaller...
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What happened to financial assets that made them harder to value?
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{ "text": [ "more complex" ], "char_spans": [ { "start": [ 36 ], "end": [ 47 ] } ], "token_spans": [ { "start": [ 6 ], "end": [ 7 ] } ] }
[ "more complex" ]
SQuAD
As financial assets became more and more complex, and harder and harder to value, investors were reassured by the fact that both the international bond rating agencies and bank regulators, who came to rely on them, accepted as valid some complex mathematical models which theoretically showed the risks were much smaller...
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8a6f9d690d474c42b52a776ea09cde0d
Who did rating agencies rely on for information to rate financial innovation products?
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{ "text": [ "the originators of synthetic products" ], "char_spans": [ { "start": [ 660 ], "end": [ 696 ] } ], "token_spans": [ { "start": [ 115 ], "end": [ 119 ] } ] }
[ "the originators of synthetic products" ]
SQuAD
As financial assets became more and more complex, and harder and harder to value, investors were reassured by the fact that both the international bond rating agencies and bank regulators, who came to rely on them, accepted as valid some complex mathematical models which theoretically showed the risks were much smaller...
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2d387aee417b4f4da004e0a9d09ea278
When authorities could no longer calculate the risks of complex financial innovation products, who did they rely on for information?
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[ "the banks" ]
SQuAD
As financial assets became more and more complex, and harder and harder to value, investors were reassured by the fact that both the international bond rating agencies and bank regulators, who came to rely on them, accepted as valid some complex mathematical models which theoretically showed the risks were much smaller...
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5e78be4adf614679ac43a3011a772246
Who reassured investors by showing the risk of complex financial innovation products was actually less than they proved to be?
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{ "text": [ "international bond rating agencies" ], "char_spans": [ { "start": [ 133 ], "end": [ 166 ] } ], "token_spans": [ { "start": [ 25 ], "end": [ 28 ] } ] }
[ "international bond rating agencies" ]
SQuAD
On 7 February 2007, the French Parliament passed a bill granting COM status to both St. Barthélemy and (separately) to the neighbouring Saint Martin. The new status took effect on 15 July 2007, when the first territorial council was elected, according to the law. The island has a president (elected every five years), a...
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c0cea9cbe3394b5fad432a7238190b40
What island besides St. Barts was granted COM status by France in 2007?
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{ "text": [ "Saint Martin" ], "char_spans": [ { "start": [ 136 ], "end": [ 147 ] } ], "token_spans": [ { "start": [ 25 ], "end": [ 26 ] } ] }
[ "Saint Martin" ]
SQuAD
On 7 February 2007, the French Parliament passed a bill granting COM status to both St. Barthélemy and (separately) to the neighbouring Saint Martin. The new status took effect on 15 July 2007, when the first territorial council was elected, according to the law. The island has a president (elected every five years), a...
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How many years does a president have in office in St. Barts?
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{ "text": [ "five" ], "char_spans": [ { "start": [ 306 ], "end": [ 309 ] } ], "token_spans": [ { "start": [ 59 ], "end": [ 59 ] } ] }
[ "five" ]
SQuAD
On 7 February 2007, the French Parliament passed a bill granting COM status to both St. Barthélemy and (separately) to the neighbouring Saint Martin. The new status took effect on 15 July 2007, when the first territorial council was elected, according to the law. The island has a president (elected every five years), a...
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56ca4ac1f87246c4bd5662777b09a377
When was the last election held for the executive council positions?
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{ "text": [ "in March 2012" ], "char_spans": [ { "start": [ 560 ], "end": [ 572 ] } ], "token_spans": [ { "start": [ 107 ], "end": [ 109 ] } ] }
[ "in March 2012" ]
SQuAD
On 7 February 2007, the French Parliament passed a bill granting COM status to both St. Barthélemy and (separately) to the neighbouring Saint Martin. The new status took effect on 15 July 2007, when the first territorial council was elected, according to the law. The island has a president (elected every five years), a...
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abf6cbd2688e4b6aa4871c3e0889cda4
When did the COM status for St. Barts take effect?
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{ "text": [ "15 July 2007" ], "char_spans": [ { "start": [ 180 ], "end": [ 191 ] } ], "token_spans": [ { "start": [ 34 ], "end": [ 36 ] } ] }
[ "15 July 2007" ]
SQuAD
On 7 February 2007, the French Parliament passed a bill granting COM status to both St. Barthélemy and (separately) to the neighbouring Saint Martin. The new status took effect on 15 July 2007, when the first territorial council was elected, according to the law. The island has a president (elected every five years), a...
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How many people are on the Territorial Council?
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{ "text": [ "nineteen" ], "char_spans": [ { "start": [ 355 ], "end": [ 362 ] } ], "token_spans": [ { "start": [ 68 ], "end": [ 68 ] } ] }
[ "nineteen" ]
SQuAD
In testimony before the Senate Committee on Commerce, Science, and Transportation on June 3, 2008, former director of the CFTC Division of Trading & Markets (responsible for enforcement) Michael Greenberger specifically named the Atlanta-based IntercontinentalExchange, founded by Goldman Sachs, Morgan Stanley and BP as...
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b086dd7859ff4335928c43c56a89d72c
Who was the former director of the CFTC that testified before the Senate Committee on Commerce, Science, and Transportation on June 3, 2008?
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{ "text": [ "Michael Greenberger" ], "char_spans": [ { "start": [ 187 ], "end": [ 205 ] } ], "token_spans": [ { "start": [ 34 ], "end": [ 35 ] } ] }
[ "Michael Greenberger" ]
SQuAD
In testimony before the Senate Committee on Commerce, Science, and Transportation on June 3, 2008, former director of the CFTC Division of Trading & Markets (responsible for enforcement) Michael Greenberger specifically named the Atlanta-based IntercontinentalExchange, founded by Goldman Sachs, Morgan Stanley and BP as...
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260b6f6a409a410d9c25405774065f87
Who did Michael Greenberger erronesously name as a key player in speculative run-up of oil futures?
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{ "text": [ "IntercontinentalExchange" ], "char_spans": [ { "start": [ 244 ], "end": [ 267 ] } ], "token_spans": [ { "start": [ 42 ], "end": [ 42 ] } ] }
[ "IntercontinentalExchange" ]
SQuAD
In testimony before the Senate Committee on Commerce, Science, and Transportation on June 3, 2008, former director of the CFTC Division of Trading & Markets (responsible for enforcement) Michael Greenberger specifically named the Atlanta-based IntercontinentalExchange, founded by Goldman Sachs, Morgan Stanley and BP as...
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3327d72c3ef14439a80c8dea983c2519
Who founded the Atlanta-based Intercontinental Exchange?
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{ "text": [ "Goldman Sachs, Morgan Stanley and BP" ], "char_spans": [ { "start": [ 281 ], "end": [ 316 ] } ], "token_spans": [ { "start": [ 46 ], "end": [ 52 ] } ] }
[ "Goldman Sachs, Morgan Stanley and BP" ]
SQuAD
In testimony before the Senate Committee on Commerce, Science, and Transportation on June 3, 2008, former director of the CFTC Division of Trading & Markets (responsible for enforcement) Michael Greenberger specifically named the Atlanta-based IntercontinentalExchange, founded by Goldman Sachs, Morgan Stanley and BP as...
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Who purchased the International Petroleum Exchange in 2001?
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{ "text": [ "IntercontinentalExchange (ICE)" ], "char_spans": [ { "start": [ 464 ], "end": [ 493 ] } ], "token_spans": [ { "start": [ 82 ], "end": [ 85 ] } ] }
[ "IntercontinentalExchange (ICE)" ]
SQuAD
In testimony before the Senate Committee on Commerce, Science, and Transportation on June 3, 2008, former director of the CFTC Division of Trading & Markets (responsible for enforcement) Michael Greenberger specifically named the Atlanta-based IntercontinentalExchange, founded by Goldman Sachs, Morgan Stanley and BP as...
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196cb79a958d493ab31e3e8ac1294562
Where are regulated future exchanges located?
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{ "text": [ "London and New York" ], "char_spans": [ { "start": [ 430 ], "end": [ 448 ] } ], "token_spans": [ { "start": [ 74 ], "end": [ 77 ] } ] }
[ "London and New York" ]
SQuAD
This boom in innovative financial products went hand in hand with more complexity. It multiplied the number of actors connected to a single mortgage (including mortgage brokers, specialized originators, the securitizers and their due diligence firms, managing agents and trading desks, and finally investors, insurances ...
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ab429b14a2b041358b5362855fe43ea7
Which products created more complexity in the financial markets?
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{ "text": [ "innovative financial products" ], "char_spans": [ { "start": [ 13 ], "end": [ 41 ] } ], "token_spans": [ { "start": [ 3 ], "end": [ 5 ] } ] }
[ "innovative financial products" ]
SQuAD
This boom in innovative financial products went hand in hand with more complexity. It multiplied the number of actors connected to a single mortgage (including mortgage brokers, specialized originators, the securitizers and their due diligence firms, managing agents and trading desks, and finally investors, insurances ...
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What effect did the introduction of innovative financial products have on a single mortgage?
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{ "text": [ "multiplied the number of actors connected" ], "char_spans": [ { "start": [ 86 ], "end": [ 126 ] } ], "token_spans": [ { "start": [ 15 ], "end": [ 20 ] } ] }
[ "multiplied the number of actors connected" ]
SQuAD
This boom in innovative financial products went hand in hand with more complexity. It multiplied the number of actors connected to a single mortgage (including mortgage brokers, specialized originators, the securitizers and their due diligence firms, managing agents and trading desks, and finally investors, insurances ...
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e21a1227dc9d4f39be4ae36a4d509d12
What did institutions rely more on as increasing distance from underlying assets occurred?
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{ "text": [ "indirect information" ], "char_spans": [ { "start": [ 440 ], "end": [ 459 ] } ], "token_spans": [ { "start": [ 73 ], "end": [ 74 ] } ] }
[ "indirect information" ]
SQuAD
This boom in innovative financial products went hand in hand with more complexity. It multiplied the number of actors connected to a single mortgage (including mortgage brokers, specialized originators, the securitizers and their due diligence firms, managing agents and trading desks, and finally investors, insurances ...
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5d3a6a7df59541b794e06d13bda3b1a6
What is a type of indirect information that financial institutions and investors used to judge the risk?
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{ "text": [ "computer models of rating agencies" ], "char_spans": [ { "start": [ 596 ], "end": [ 629 ] } ], "token_spans": [ { "start": [ 96 ], "end": [ 100 ] } ] }
[ "computer models of rating agencies" ]
SQuAD
This boom in innovative financial products went hand in hand with more complexity. It multiplied the number of actors connected to a single mortgage (including mortgage brokers, specialized originators, the securitizers and their due diligence firms, managing agents and trading desks, and finally investors, insurances ...
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8e95e53996de4e65a6b3ac09db653922
In what year did a group of computer scientists build a model for ratings produced by rating agencies that turned out to be accurate for what happened in 2006-2008?
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{ "text": [ "2005" ], "char_spans": [ { "start": [ 776 ], "end": [ 779 ] } ], "token_spans": [ { "start": [ 126 ], "end": [ 126 ] } ] }
[ "2005" ]
SQuAD
Feminist economists Ailsa McKay and Margunn Bjørnholt argue that the financial crisis and the response to it revealed a crisis of ideas in mainstream economics and within the economics profession, and call for a reshaping of both the economy, economic theory and the economics profession. They argue that such a reshapin...
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Who is one of the feminist economists that believe the financial crisis revealed a crisis of mainstream economics and call for a complete reshaping of the economy?
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{ "text": [ "Ailsa McKay" ], "char_spans": [ { "start": [ 20 ], "end": [ 30 ] } ], "token_spans": [ { "start": [ 2 ], "end": [ 3 ] } ] }
[ "Ailsa McKay" ]
SQuAD
Feminist economists Ailsa McKay and Margunn Bjørnholt argue that the financial crisis and the response to it revealed a crisis of ideas in mainstream economics and within the economics profession, and call for a reshaping of both the economy, economic theory and the economics profession. They argue that such a reshapin...
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c8221c3dea604c25b062efa47a0aeeff
Feminist economists Ailsa McKay and Margunn Bjornhold believe that the financial crisis and response reveal a crisis of ideas in this?
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[ "mainstream economics" ]
SQuAD
Feminist economists Ailsa McKay and Margunn Bjørnholt argue that the financial crisis and the response to it revealed a crisis of ideas in mainstream economics and within the economics profession, and call for a reshaping of both the economy, economic theory and the economics profession. They argue that such a reshapin...
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According to feminist economists McKay and Bjornholt, would type economics should be included in a reshaping?
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[ "feminist economics" ]
SQuAD
Feminist economists Ailsa McKay and Margunn Bjørnholt argue that the financial crisis and the response to it revealed a crisis of ideas in mainstream economics and within the economics profession, and call for a reshaping of both the economy, economic theory and the economics profession. They argue that such a reshapin...
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What do economists McKay and Bjornholt want to occur in the economy, economic theory, and economics profession?
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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...
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What is the growth forecast for Cambodia in 2009?
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SQuAD
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...
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How much were remittances sent from migrant workers in 2007?
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[ "$251 billion" ]
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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...
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How many people live below the poverty line in Bangladesh?
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[ "300,000" ]
SQuAD
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...
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What does Bruno Wenn of the German DEG recommend to attract new investors?
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[ "sound economic policymaking and good governance" ]
SQuAD
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...
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According to Overseas Development Institute, what is one reason for the reduction in growth in developing countries?
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Stock trader and financial risk engineer Nassim Nicholas Taleb, author of the 2007 book The Black Swan, spent years warning against the breakdown of the banking system in particular and the economy in general owing to their use of bad risk models and reliance on forecasting, and their reliance on bad models, and framed...
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Who wrote the 2007 book The Black Swan?
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SQuAD
Stock trader and financial risk engineer Nassim Nicholas Taleb, author of the 2007 book The Black Swan, spent years warning against the breakdown of the banking system in particular and the economy in general owing to their use of bad risk models and reliance on forecasting, and their reliance on bad models, and framed...
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What journalist from the New York Times stated his believe in Nassim Nicholas Taleb?
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[ "David Brooks" ]
SQuAD
Stock trader and financial risk engineer Nassim Nicholas Taleb, author of the 2007 book The Black Swan, spent years warning against the breakdown of the banking system in particular and the economy in general owing to their use of bad risk models and reliance on forecasting, and their reliance on bad models, and framed...
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What did Nassim Nicholas Taleb warn about for years prior to the financial crisis of 2007?
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[ "the breakdown of the banking system" ]
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Stock trader and financial risk engineer Nassim Nicholas Taleb, author of the 2007 book The Black Swan, spent years warning against the breakdown of the banking system in particular and the economy in general owing to their use of bad risk models and reliance on forecasting, and their reliance on bad models, and framed...
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What did Nassim Nicholas Taleb make a fortune on by making a big financial bet?
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SQuAD
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...
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How many of the poorest families did not have any wealth decline during the financial crisis?
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[ "half" ]
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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...
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In a Federal Reserve survey of 4,000 households, what percent reported wealth decline between 2007 and 2009?
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[ "63" ]
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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...
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How many of the richest families had a decrease in total wealth between 2007 and 2009?
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[ "77" ]
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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...
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How many families at the bottom of the pyramid had a decrease in total wealth between 2007 and 2009?
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[ "50" ]
SQuAD
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...
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Which families experienced the least decline in wealth between 2007 and 2009?
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[ "poorest families" ]
SQuAD
The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; dramatic breakdowns in corporate governance includi...
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When did the U.S. Financial Crisis Inquiry Commission report its findings?
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[ "January 2011" ]
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The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; dramatic breakdowns in corporate governance includi...
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What was one of the conclusions of the U.S. Financial Crisis Inquiry Commission regarding the financial crisis of 2007?
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[ "the crisis was avoidable and was caused by: widespread failures in financial regulation" ]
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The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; dramatic breakdowns in corporate governance includi...
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What agency failed to stem the tide of toxic mortgages contributing to the financial crisis of 2007?
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[ "Federal Reserve" ]
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The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; dramatic breakdowns in corporate governance includi...
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Who was not prepared for the financial crisis in 2007 by lacking a full understanding of the financial system?
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[ "key policy makers" ]
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The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; dramatic breakdowns in corporate governance includi...
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Which business sector contributed to the financial crisis by acting recklessly and taking on too much risk?
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[ "financial firms" ]
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A cover story in BusinessWeek magazine claims that economists mostly failed to predict the worst international economic crisis since the Great Depression of the 1930s. The Wharton School of the University of Pennsylvania's online business journal examines why economists failed to predict a major global financial crisis...
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Which magazine ran a cover story claiming that most economists failed to the the financial crisis?
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[ "BusinessWeek" ]
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A cover story in BusinessWeek magazine claims that economists mostly failed to predict the worst international economic crisis since the Great Depression of the 1930s. The Wharton School of the University of Pennsylvania's online business journal examines why economists failed to predict a major global financial crisis...
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The financial crisis of 2007 was the worst economic crisis since which crisis that occurred in the 1930s?
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[ "Great Depression" ]
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A cover story in BusinessWeek magazine claims that economists mostly failed to predict the worst international economic crisis since the Great Depression of the 1930s. The Wharton School of the University of Pennsylvania's online business journal examines why economists failed to predict a major global financial crisis...
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Which school at University of Pennsylvania examined in their online business journal why economists failed to predict the crisis?
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[ "The Wharton School" ]
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A cover story in BusinessWeek magazine claims that economists mostly failed to predict the worst international economic crisis since the Great Depression of the 1930s. The Wharton School of the University of Pennsylvania's online business journal examines why economists failed to predict a major global financial crisis...
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Which economist did the New York Times state warned of a crisis as early as September 2006?
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{ "text": [ "Nouriel Roubini" ], "char_spans": [ { "start": [ 572 ], "end": [ 586 ] } ], "token_spans": [ { "start": [ 93 ], "end": [ 94 ] } ] }
[ "Nouriel Roubini" ]
SQuAD
A cover story in BusinessWeek magazine claims that economists mostly failed to predict the worst international economic crisis since the Great Depression of the 1930s. The Wharton School of the University of Pennsylvania's online business journal examines why economists failed to predict a major global financial crisis...
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What was economist Roubini called by the New York Times for predicting a collapse of the housing market?
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{ "text": [ "\"Dr. Doom\"" ], "char_spans": [ { "start": [ 897 ], "end": [ 906 ] } ], "token_spans": [ { "start": [ 150 ], "end": [ 153 ] } ] }
[ "\"Dr. Doom\"" ]
SQuAD
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...
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What have central banks around the world done to avoid the risk of a deflationary spiral?
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{ "text": [ "expand money supplies" ], "char_spans": [ { "start": [ 80 ], "end": [ 100 ] } ], "token_spans": [ { "start": [ 14 ], "end": [ 16 ] } ] }
[ "expand money supplies" ]
SQuAD
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...
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What have governments done to offset the reduction in private sector demand?
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{ "text": [ "enacted large fiscal stimulus packages" ], "char_spans": [ { "start": [ 279 ], "end": [ 316 ] } ], "token_spans": [ { "start": [ 49 ], "end": [ 53 ] } ] }
[ "enacted large fiscal stimulus packages" ]
SQuAD
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...
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What is the U.S. Federal Reserve's traditional role during a crisis?
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{ "text": [ "lender-of-last-resort" ], "char_spans": [ { "start": [ 549 ], "end": [ 569 ] } ], "token_spans": [ { "start": [ 93 ], "end": [ 99 ] } ] }
[ "lender-of-last-resort" ]
SQuAD
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...
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What did the U.S. Federal Reserve do to increase access to liquidity?
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{ "text": [ "expanded liquidity facilities" ], "char_spans": [ { "start": [ 451 ], "end": [ 479 ] } ], "token_spans": [ { "start": [ 79 ], "end": [ 81 ] } ] }
[ "expanded liquidity facilities" ]
SQuAD
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...
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What type decline does lower wages and higher unemployment lead to?
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{ "text": [ "self-reinforcing decline" ], "char_spans": [ { "start": [ 201 ], "end": [ 224 ] } ], "token_spans": [ { "start": [ 36 ], "end": [ 39 ] } ] }
[ "self-reinforcing decline" ]
SQuAD
Economist Mark Zandi testified to the Financial Crisis Inquiry Commission in January 2010: "The securitization markets also remain impaired, as investors anticipate more loan losses. Investors are also uncertain about coming legal and accounting rule changes and regulatory reforms. Private bond issuance of residential ...
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What economist testified to the Financial Crisis Inquiry Commission in January 2010?
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{ "text": [ "Mark Zandi" ], "char_spans": [ { "start": [ 10 ], "end": [ 19 ] } ], "token_spans": [ { "start": [ 1 ], "end": [ 2 ] } ] }
[ "Mark Zandi" ]
SQuAD
Economist Mark Zandi testified to the Financial Crisis Inquiry Commission in January 2010: "The securitization markets also remain impaired, as investors anticipate more loan losses. Investors are also uncertain about coming legal and accounting rule changes and regulatory reforms. Private bond issuance of residential ...
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In January 2010, what markets did Mark Zandi testify about that remain impaired and investors anticipate more loan losses?
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{ "text": [ "securitization markets" ], "char_spans": [ { "start": [ 96 ], "end": [ 117 ] } ], "token_spans": [ { "start": [ 16 ], "end": [ 17 ] } ] }
[ "securitization markets" ]
SQuAD
Economist Mark Zandi testified to the Financial Crisis Inquiry Commission in January 2010: "The securitization markets also remain impaired, as investors anticipate more loan losses. Investors are also uncertain about coming legal and accounting rule changes and regulatory reforms. Private bond issuance of residential ...
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What was the value of CDOs at their peak in 2006?
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{ "text": [ "close to $2 trillion" ], "char_spans": [ { "start": [ 415 ], "end": [ 434 ] } ], "token_spans": [ { "start": [ 67 ], "end": [ 71 ] } ] }
[ "close to $2 trillion" ]
SQuAD
Economist Mark Zandi testified to the Financial Crisis Inquiry Commission in January 2010: "The securitization markets also remain impaired, as investors anticipate more loan losses. Investors are also uncertain about coming legal and accounting rule changes and regulatory reforms. Private bond issuance of residential ...
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What was the private issuance of CDOs in 2009?
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{ "text": [ "less than $150 billion" ], "char_spans": [ { "start": [ 468 ], "end": [ 489 ] } ], "token_spans": [ { "start": [ 79 ], "end": [ 83 ] } ] }
[ "less than $150 billion" ]
SQuAD
Economist Mark Zandi testified to the Financial Crisis Inquiry Commission in January 2010: "The securitization markets also remain impaired, as investors anticipate more loan losses. Investors are also uncertain about coming legal and accounting rule changes and regulatory reforms. Private bond issuance of residential ...
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Almost all of the asset-backed issuance in 2009 was supported by what Federal Reserve program?
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{ "text": [ "TALF" ], "char_spans": [ { "start": [ 574 ], "end": [ 577 ] } ], "token_spans": [ { "start": [ 101 ], "end": [ 101 ] } ] }
[ "TALF" ]
SQuAD
The financial crisis was not widely predicted by mainstream economists except Raghuram Rajan, who instead spoke of the Great Moderation. A number of heterodox economists predicted the crisis, with varying arguments. Dirk Bezemer in his research credits (with supporting argument and estimates of timing) 12 economists wi...
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Who was one of the only mainstream economist to predict the financial crisis?
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{ "text": [ "Raghuram Rajan" ], "char_spans": [ { "start": [ 78 ], "end": [ 91 ] } ], "token_spans": [ { "start": [ 11 ], "end": [ 12 ] } ] }
[ "Raghuram Rajan" ]
SQuAD
The financial crisis was not widely predicted by mainstream economists except Raghuram Rajan, who instead spoke of the Great Moderation. A number of heterodox economists predicted the crisis, with varying arguments. Dirk Bezemer in his research credits (with supporting argument and estimates of timing) 12 economists wi...
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What did Raghuram Rajan speak of?
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{ "text": [ "Great Moderation" ], "char_spans": [ { "start": [ 119 ], "end": [ 134 ] } ], "token_spans": [ { "start": [ 19 ], "end": [ 20 ] } ] }
[ "Great Moderation" ]
SQuAD
The financial crisis was not widely predicted by mainstream economists except Raghuram Rajan, who instead spoke of the Great Moderation. A number of heterodox economists predicted the crisis, with varying arguments. Dirk Bezemer in his research credits (with supporting argument and estimates of timing) 12 economists wi...
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Who credit 12 heterodox economists with predicting the crisis in his research credits?
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{ "text": [ "Dirk Bezemer" ], "char_spans": [ { "start": [ 216 ], "end": [ 227 ] } ], "token_spans": [ { "start": [ 35 ], "end": [ 36 ] } ] }
[ "Dirk Bezemer" ]
SQuAD
The financial crisis was not widely predicted by mainstream economists except Raghuram Rajan, who instead spoke of the Great Moderation. A number of heterodox economists predicted the crisis, with varying arguments. Dirk Bezemer in his research credits (with supporting argument and estimates of timing) 12 economists wi...
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How did the Austrian economic school regard the crisis?
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{ "text": [ "as a vindication" ], "char_spans": [ { "start": [ 768 ], "end": [ 783 ] } ], "token_spans": [ { "start": [ 155 ], "end": [ 157 ] } ] }
[ "as a vindication" ]
SQuAD
The financial crisis was not widely predicted by mainstream economists except Raghuram Rajan, who instead spoke of the Great Moderation. A number of heterodox economists predicted the crisis, with varying arguments. Dirk Bezemer in his research credits (with supporting argument and estimates of timing) 12 economists wi...
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Which former Fed Chair confessed in Congressional testimony to being forced to return to lax monetary supply?
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{ "text": [ "Alan Greenspan" ], "char_spans": [ { "start": [ 1005 ], "end": [ 1018 ] } ], "token_spans": [ { "start": [ 194 ], "end": [ 195 ] } ] }
[ "Alan Greenspan" ]
SQuAD
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...
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What was introduced by President Barack Obama in June 2009?
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{ "text": [ "a series of regulatory proposals" ], "char_spans": [ { "start": [ 65 ], "end": [ 96 ] } ], "token_spans": [ { "start": [ 9 ], "end": [ 13 ] } ] }
[ "a series of regulatory proposals" ]
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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...
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What was one of the items important to consumers that was addressed by the new regulatory proposals introduced in June 2009?
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{ "text": [ "consumer protection" ], "char_spans": [ { "start": [ 134 ], "end": [ 152 ] } ], "token_spans": [ { "start": [ 21 ], "end": [ 22 ] } ] }
[ "consumer protection" ]
SQuAD
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...
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Regulations were proposed by Obama in January 2010 to limit the ability of banks to engage in which type trading?
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{ "text": [ "proprietary" ], "char_spans": [ { "start": [ 501 ], "end": [ 511 ] } ], "token_spans": [ { "start": [ 79 ], "end": [ 79 ] } ] }
[ "proprietary" ]
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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...
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Who were proposed new regulations called "The Volcker Rule" named after?
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{ "text": [ "Paul Volcker" ], "char_spans": [ { "start": [ 586 ], "end": [ 597 ] } ], "token_spans": [ { "start": [ 95 ], "end": [ 96 ] } ] }
[ "Paul Volcker" ]
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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...
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Who publicly argued for changes limiting the ability of banks to engage in proprietary trading?
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{ "text": [ "Paul Volcker" ], "char_spans": [ { "start": [ 586 ], "end": [ 597 ] } ], "token_spans": [ { "start": [ 95 ], "end": [ 96 ] } ] }
[ "Paul Volcker" ]
SQuAD
As part of the housing and credit booms, the number of financial agreements called mortgage-backed securities (MBS) and collateralized debt obligations (CDO), which derived their value from mortgage payments and housing prices, greatly increased. Such financial innovation enabled institutions and investors around the w...
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What are MBS as related to the housing and credit booms?
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{ "text": [ "mortgage-backed securities" ], "char_spans": [ { "start": [ 83 ], "end": [ 108 ] } ], "token_spans": [ { "start": [ 15 ], "end": [ 18 ] } ] }
[ "mortgage-backed securities" ]
SQuAD
As part of the housing and credit booms, the number of financial agreements called mortgage-backed securities (MBS) and collateralized debt obligations (CDO), which derived their value from mortgage payments and housing prices, greatly increased. Such financial innovation enabled institutions and investors around the w...
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What are CDO as related to the housing and credit booms?
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{ "text": [ "collateralized debt obligations" ], "char_spans": [ { "start": [ 120 ], "end": [ 150 ] } ], "token_spans": [ { "start": [ 23 ], "end": [ 25 ] } ] }
[ "collateralized debt obligations" ]
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As part of the housing and credit booms, the number of financial agreements called mortgage-backed securities (MBS) and collateralized debt obligations (CDO), which derived their value from mortgage payments and housing prices, greatly increased. Such financial innovation enabled institutions and investors around the w...
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When housing prices declined, who reported significant losses from being heavily invested in subprime MBS?
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[ "major global financial institutions" ]
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As part of the housing and credit booms, the number of financial agreements called mortgage-backed securities (MBS) and collateralized debt obligations (CDO), which derived their value from mortgage payments and housing prices, greatly increased. Such financial innovation enabled institutions and investors around the w...
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Who could invest in the U.S. housing market through MBS and CDO?
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[ "institutions and investors around the world" ]
SQuAD
As part of the housing and credit booms, the number of financial agreements called mortgage-backed securities (MBS) and collateralized debt obligations (CDO), which derived their value from mortgage payments and housing prices, greatly increased. Such financial innovation enabled institutions and investors around the w...
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MBS and CDO derive their value from?
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[ "mortgage payments and housing prices" ]
SQuAD
The U.S. Senate passed a reform bill in May 2010, following the House which passed a bill in December 2009. These bills must now be reconciled. The New York Times provided a comparative summary of the features of the two bills, which address to varying extent the principles enumerated by the Obama administration. For i...
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When did the U.S. Senate first pass a financial reform bill?
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[ "May 2010" ]
SQuAD
The U.S. Senate passed a reform bill in May 2010, following the House which passed a bill in December 2009. These bills must now be reconciled. The New York Times provided a comparative summary of the features of the two bills, which address to varying extent the principles enumerated by the Obama administration. For i...
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When did the U.S. House first pass a financial reform bill?
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[ "December 2009" ]
SQuAD
The U.S. Senate passed a reform bill in May 2010, following the House which passed a bill in December 2009. These bills must now be reconciled. The New York Times provided a comparative summary of the features of the two bills, which address to varying extent the principles enumerated by the Obama administration. For i...
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What rule against proprietary trading was not part of legislation passed by either the Senate or House?
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{ "text": [ "Volcker Rule" ], "char_spans": [ { "start": [ 333 ], "end": [ 344 ] } ], "token_spans": [ { "start": [ 62 ], "end": [ 63 ] } ] }
[ "Volcker Rule" ]
SQuAD
The U.S. Senate passed a reform bill in May 2010, following the House which passed a bill in December 2009. These bills must now be reconciled. The New York Times provided a comparative summary of the features of the two bills, which address to varying extent the principles enumerated by the Obama administration. For i...
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Which bill gave regulators the discretion to prohibit proprietary trades?
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[ "Senate" ]
SQuAD
Market strategist Phil Dow believes distinctions exist "between the current market malaise" and the Great Depression. He says the Dow Jones average's fall of more than 50% over a period of 17 months is similar to a 54.7% fall in the Great Depression, followed by a total drop of 89% over the following 16 months. "It's v...
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Who is the market strategist that believes distinctions exist between the current crisis and the Great Depression?
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[ "Phil Dow" ]
SQuAD
Market strategist Phil Dow believes distinctions exist "between the current market malaise" and the Great Depression. He says the Dow Jones average's fall of more than 50% over a period of 17 months is similar to a 54.7% fall in the Great Depression, followed by a total drop of 89% over the following 16 months. "It's v...
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How much did the Dow Jones average fall during a period of 17 months?
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{ "text": [ "50%" ], "char_spans": [ { "start": [ 168 ], "end": [ 170 ] } ], "token_spans": [ { "start": [ 30 ], "end": [ 31 ] } ] }
[ "50%" ]
SQuAD
Market strategist Phil Dow believes distinctions exist "between the current market malaise" and the Great Depression. He says the Dow Jones average's fall of more than 50% over a period of 17 months is similar to a 54.7% fall in the Great Depression, followed by a total drop of 89% over the following 16 months. "It's v...
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What was the percentage the Dow Jones fell in the Great Depression?
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{ "text": [ "54.7%" ], "char_spans": [ { "start": [ 215 ], "end": [ 219 ] } ], "token_spans": [ { "start": [ 42 ], "end": [ 43 ] } ] }
[ "54.7%" ]
SQuAD
Market strategist Phil Dow believes distinctions exist "between the current market malaise" and the Great Depression. He says the Dow Jones average's fall of more than 50% over a period of 17 months is similar to a 54.7% fall in the Great Depression, followed by a total drop of 89% over the following 16 months. "It's v...
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Who was the chief financial correspondent of The New York Times in March 2009?
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{ "text": [ "Floyd Norris" ], "char_spans": [ { "start": [ 373 ], "end": [ 384 ] } ], "token_spans": [ { "start": [ 80 ], "end": [ 81 ] } ] }
[ "Floyd Norris" ]
SQuAD
Current Governor of the Reserve Bank of India Raghuram Rajan had predicted the crisis in 2005 when he became chief economist at the International Monetary Fund.In 2005, at a celebration honouring Alan Greenspan, who was about to retire as chairman of the US Federal Reserve, Rajan delivered a controversial paper that wa...
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Who was the current Governor of the Reserve Bank of India that predicted the crisis in 2005?
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{ "text": [ "Raghuram Rajan" ], "char_spans": [ { "start": [ 46 ], "end": [ 59 ] } ], "token_spans": [ { "start": [ 8 ], "end": [ 9 ] } ] }
[ "Raghuram Rajan" ]
SQuAD
Current Governor of the Reserve Bank of India Raghuram Rajan had predicted the crisis in 2005 when he became chief economist at the International Monetary Fund.In 2005, at a celebration honouring Alan Greenspan, who was about to retire as chairman of the US Federal Reserve, Rajan delivered a controversial paper that wa...
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When did Raghuram Rajan become chief economist the the International Monetary Fund?
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[ "2005" ]
SQuAD
Current Governor of the Reserve Bank of India Raghuram Rajan had predicted the crisis in 2005 when he became chief economist at the International Monetary Fund.In 2005, at a celebration honouring Alan Greenspan, who was about to retire as chairman of the US Federal Reserve, Rajan delivered a controversial paper that wa...
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In 2005, where did Rajan deliver a controversial paper that was critical of the financial paper?
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{ "text": [ "at a celebration honouring Alan Greenspan" ], "char_spans": [ { "start": [ 169 ], "end": [ 209 ] } ], "token_spans": [ { "start": [ 30 ], "end": [ 35 ] } ] }
[ "at a celebration honouring Alan Greenspan" ]
SQuAD
Current Governor of the Reserve Bank of India Raghuram Rajan had predicted the crisis in 2005 when he became chief economist at the International Monetary Fund.In 2005, at a celebration honouring Alan Greenspan, who was about to retire as chairman of the US Federal Reserve, Rajan delivered a controversial paper that wa...
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What was the name of Raghuram Rajan's controversial paper delivered in 2005?
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{ "text": [ "\"Has Financial Development Made the World Riskier?\"" ], "char_spans": [ { "start": [ 371 ], "end": [ 421 ] } ], "token_spans": [ { "start": [ 67 ], "end": [ 76 ] } ] }
[ "\"Has Financial Development Made the World Riskier?\"" ]
SQuAD
Current Governor of the Reserve Bank of India Raghuram Rajan had predicted the crisis in 2005 when he became chief economist at the International Monetary Fund.In 2005, at a celebration honouring Alan Greenspan, who was about to retire as chairman of the US Federal Reserve, Rajan delivered a controversial paper that wa...
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What are risks called that generate severe adverse consequences with small probability but generous compensation the rest of the time?
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[ "tail risks" ]
SQuAD
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...
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On November 3, 2008, who predicted extremely weak GDP growth for the Eurozone in 2009?
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{ "text": [ "European Commission at Brussels" ], "char_spans": [ { "start": [ 25 ], "end": [ 55 ] } ], "token_spans": [ { "start": [ 7 ], "end": [ 10 ] } ] }
[ "European Commission at Brussels" ]
SQuAD
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...
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How much did the European Commission estimate the GDP growth for Eurozone countries would be in 2009?
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{ "text": [ "0.1%" ], "char_spans": [ { "start": [ 112 ], "end": [ 115 ] } ], "token_spans": [ { "start": [ 22 ], "end": [ 23 ] } ] }
[ "0.1%" ]
SQuAD
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...
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How much did the European Commission estimate the GDP growth for the UK would be in 2009?
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{ "text": [ "−1.0%" ], "char_spans": [ { "start": [ 228 ], "end": [ 232 ] } ], "token_spans": [ { "start": [ 50 ], "end": [ 51 ] } ] }
[ "−1.0%" ]
SQuAD
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...
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On November 6, in Washington, D.C., who predicted a worldwide recession for 2009?
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{ "text": [ "the IMF" ], "char_spans": [ { "start": [ 270 ], "end": [ 276 ] } ], "token_spans": [ { "start": [ 62 ], "end": [ 63 ] } ] }
[ "the IMF" ]
SQuAD
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...
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On November 5, 2008, the Bank of England reduced their interest rate from 4.5% to what?
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{ "text": [ "3%" ], "char_spans": [ { "start": [ 536 ], "end": [ 537 ] } ], "token_spans": [ { "start": [ 113 ], "end": [ 114 ] } ] }
[ "3%" ]
SQuAD
Rapid increases in a number of commodity prices followed the collapse in the housing bubble. The price of oil nearly tripled from $50 to $147 from early 2007 to 2008, before plunging as the financial crisis began to take hold in late 2008. Experts debate the causes, with some attributing it to speculative flow of money...
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Following the collapse in the housing bubble, what happened to a number of commodity prices?
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[ "Rapid increases" ]
SQuAD
Rapid increases in a number of commodity prices followed the collapse in the housing bubble. The price of oil nearly tripled from $50 to $147 from early 2007 to 2008, before plunging as the financial crisis began to take hold in late 2008. Experts debate the causes, with some attributing it to speculative flow of money...
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How much did the price of oil increase from early 2007 to 2008?
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[ "nearly tripled from $50 to $147" ]
SQuAD
Rapid increases in a number of commodity prices followed the collapse in the housing bubble. The price of oil nearly tripled from $50 to $147 from early 2007 to 2008, before plunging as the financial crisis began to take hold in late 2008. Experts debate the causes, with some attributing it to speculative flow of money...
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8955e3c5e0b84d6f8cee3f3bf7efecdf
What did the price of oil began doing when the financial crisis began to take hold in late 2008?
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{ "text": [ "plunging" ], "char_spans": [ { "start": [ 174 ], "end": [ 181 ] } ], "token_spans": [ { "start": [ 35 ], "end": [ 35 ] } ] }
[ "plunging" ]
SQuAD
Rapid increases in a number of commodity prices followed the collapse in the housing bubble. The price of oil nearly tripled from $50 to $147 from early 2007 to 2008, before plunging as the financial crisis began to take hold in late 2008. Experts debate the causes, with some attributing it to speculative flow of money...
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580c52821f8848fb96006f61d71a2cb0
What is one of the reasons experts believe contributed to the volatilaty in oil prices in 2008?
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{ "text": [ "monetary policy" ], "char_spans": [ { "start": [ 382 ], "end": [ 396 ] } ], "token_spans": [ { "start": [ 72 ], "end": [ 73 ] } ] }
[ "monetary policy" ]
SQuAD
Rapid increases in a number of commodity prices followed the collapse in the housing bubble. The price of oil nearly tripled from $50 to $147 from early 2007 to 2008, before plunging as the financial crisis began to take hold in late 2008. Experts debate the causes, with some attributing it to speculative flow of money...
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acb5b7bf4528418387392a66eab76d84
Consumers tend to have less money to spend on other goods, when the price of which commodity is higher?
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{ "text": [ "gasoline" ], "char_spans": [ { "start": [ 665 ], "end": [ 672 ] } ], "token_spans": [ { "start": [ 124 ], "end": [ 124 ] } ] }
[ "gasoline" ]
SQuAD
Falling prices also resulted in homes worth less than the mortgage loan, providing a financial incentive to enter foreclosure. The ongoing foreclosure epidemic that began in late 2006 in the U.S. continues to drain wealth from consumers and erodes the financial strength of banking institutions. Defaults and losses on o...
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b4a4fb01bcea431094f28e7a415b971f
How much are total losses estimated to be from falling home prices?
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{ "text": [ "trillions of U.S. dollars" ], "char_spans": [ { "start": [ 477 ], "end": [ 501 ] } ], "token_spans": [ { "start": [ 79 ], "end": [ 82 ] } ] }
[ "trillions of U.S. dollars" ]
SQuAD
Falling prices also resulted in homes worth less than the mortgage loan, providing a financial incentive to enter foreclosure. The ongoing foreclosure epidemic that began in late 2006 in the U.S. continues to drain wealth from consumers and erodes the financial strength of banking institutions. Defaults and losses on o...
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3019eae8fa6546a9885793b715111778
What is the financial incentive when a home is worth less than the mortgage loan?
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{ "text": [ "foreclosure" ], "char_spans": [ { "start": [ 114 ], "end": [ 124 ] } ], "token_spans": [ { "start": [ 19 ], "end": [ 19 ] } ] }
[ "foreclosure" ]
SQuAD
Falling prices also resulted in homes worth less than the mortgage loan, providing a financial incentive to enter foreclosure. The ongoing foreclosure epidemic that began in late 2006 in the U.S. continues to drain wealth from consumers and erodes the financial strength of banking institutions. Defaults and losses on o...
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2f3407f64c864a269fab6dd6ecf3b460
What year did the foreclosure epidemic begin?
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{ "text": [ "late 2006" ], "char_spans": [ { "start": [ 174 ], "end": [ 182 ] } ], "token_spans": [ { "start": [ 28 ], "end": [ 29 ] } ] }
[ "late 2006" ]
SQuAD
Falling prices also resulted in homes worth less than the mortgage loan, providing a financial incentive to enter foreclosure. The ongoing foreclosure epidemic that began in late 2006 in the U.S. continues to drain wealth from consumers and erodes the financial strength of banking institutions. Defaults and losses on o...
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8f3f3b1dbfed4720951b105bd1f9926a
What other financial instruments had significant defaults and losses as a result of the crisis expanding from housing to other parts of the economy?
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{ "text": [ "other loan types" ], "char_spans": [ { "start": [ 319 ], "end": [ 334 ] } ], "token_spans": [ { "start": [ 52 ], "end": [ 54 ] } ] }
[ "other loan types" ]