Name ______________________________________ Per. _____ Date _________
Credit Crisis Video Questions
1. Harvard law professor, Elizabeth Warren, is in charge of the ____________________________
panel monitoring the government banking bailout.
2. Americans are now _____________________ trillion $ in debt.
3. What class of Americans does Warren say is hurt or targeted the most? _____________________
4. What are two major reasons the video give why people go into debt using credit cards?
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5. What does Warren say that many Americans are trying to hold on to? ________________________
______________________________________. Do you feel this is justified? Why or why not? ______
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6. Explain how obtaining credit has changed from the 50’s and 60’s.
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7. Why did credit card company lobbyists go to the government three decade ago? Did they accomplish
their goal? What did they get out of it? _________________________________________________
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8. Who does the credit card companies target to make the most profit? Why? ______________________
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9. What does the video say will happen if interest rates are capped? ______________________________
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10. Why are credit card interest rates higher than home and auto interest rates? _____________________
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11. What are three things bill collectors cannot do? ___________________________________________
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12. What are the two levels of collecting debt and why has this occurred? _________________________
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13. Why is paying off lawsuits just part of doing business for some of these collection agencies?________
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Questions and Solutions
1. Who do believe is to blame for this credit crisis? Explain in detail.
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2. What do you think should be done about it? Should the government regulate? Who should they regulate
and how would they do it? Explain your answer.
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