What was the housing meltdown? Who was responsible for the housing meltdown? Come up with a plan to help the government prevent another housing meltdown.
What will be an ideal response?
• The mortgagors got into deep financial trouble, as did Fannie Mae and Freddie Mac which were taken over by the U.S. Treasury Department in 2008 and propped up with billions of federal dollars to avert an even greater housing meltdown and financial crisis in the United States. Throughout the years, the federal government’s involvement in housing has been criticized on several fronts. Some critics believe that federal housing aid, which is supposed to provide decent housing for the poor, has done a better job of providing housing for more affluent people. The massive foreclosures that took place as people defaulted on their mortgages near the end of the twentieth century were a foreshadowing of an even larger housing meltdown in the 2000s.
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Which of the following statements is true of Latinos?
A. The Latino population is increasing this century due to recent immigration. B. The median household income of Latinos is higher than the national median. C. Latinos have the highest education levels in the United States. D. The median household income of Latinos is lower than that of American Indians. E. The median household income of Latinos is higher than that of African Americans.
A place such as a prison, where a large number of people lead an enclosed, formally administered way of life is considered a ______ institution.
A. social B. recuperative C. total D. rehabilitative
Naturally Dr. Matthews earns more than the other citizens in town because her job has a higher degree of functional importance in the community. Which argument of the functional perspective on social stratification does this describe?
a. Davis-Moore thesis b. Convergence theory c. Strain theory d. Thomas theorem
Which of the following has historically promoted pronatal values in a society?
a. religion b. government c. capitalism d. urbanization