Wright State University Lake Campus/2016-1/Phy1060/log/j0031723

Log for j0031723.

Work accomplished
Describe each contribution, list date and permalink. Use either # or * to create a list. 2/19/2016 gave hint on vulcanism for test three https://en.wikiversity.org/w/index.php?title=Astronomy_college_course/Planetary_science_questions/1&oldid=1519928

Lab journal
Only for labs, which occur on Tuesdays and Thursdays. A one sentence (with or without verb) is all you really need. (But it would be good practice to write a bit more).

Lab day, working on quiz bank, writing in journal first time, first day of class did lab by writing on the dry ease board.

Took me ahwile to figure out how write in here again, did two labs since then, hand drawed the human hand for angular lab and participated in the lab with a group, took first test and passed, missing three questions. Looking forward to doing the lab with the basketball and smaller ball to the force of gavity. Plan on doing a video and show the math.

Exercise in pasting paper from Word into wikitext
The 2008 housing Bubble started back when the dot.com bubble burst. The federal reserve took treasury notes (T-bills) that they sell to business's and dropped the interest rates down to one percent and investment banks would not buy these due to no profit. Outside foreign countries sent in capital to lend money out. How a mortgage works is the home buyer goes to a mortgage broker who goes to a lender who then sells the original mortgage to investment bankers who manage stocks, bonds, pension plans, hedge funds etc. They in turn bundle the mortgages into cdo's and give them a rating in three categories. Safe, average, and risky giving out a percentage by ranking, safe would be 5% versus risky at 11%. The investment banker then sells the cdo's or rated mortgages to investors who are not worried because as long as the homeowner makes payments they make money. With the value of the house up, they can risk a default and still make money offloading the house based on its value. Here is where the problems are and creates a circle of good business (negative effect) to a circle of bad business (positive effect). With T-bills low and plenty of foreign money flooding in the circle of people (brokers, banks, and investors) decided to expand home loans to not so secure home loans and even stop asking for a down payment by simply adding on the interest making investors more happy on the return rate. Selling prime mortgages made money, now selling sub-prime mortgages should bring in more money and add in more houses which make more payment money coming in, specially the higher interest rated sub-prime mortgages. The sub-prime mortgage people bought houses that they could not afford and started to default on their loans. This in turn made the banks foreclose and re-sell the house. Simple enough, but the rate which defaulting was happening created to many houses for sale over time and lending banks could not offload the houses because they had to many defaulted loans. Investment bankers were stuck not being able to offload houses or sell any more cdo's because they became a bad investment. Investors were also stuck with houses to offload and would not buy anymore cdo's because they had to many houses to offload. The banks, investment banks, and investors all borrowed money to make this happen. Not enough money coming in and they could not re-pay their loans due to de-faulted houses they could not re-sell. The supply and demand in the housing market flipped with to many houses on the market and the mad scramble to sell cheap was ordered. This sent the value of all houses down, hurting the people who had prime mortgages, thus creating the housing bubble. The other people who had their pensions, stocks, bonds, etc. in with the investment bankers were losing money due to the sub-prime mortgages failing because that is what investment bankers invested in for them hurting the people and businesses who put their retirement plans and investments into the housing section. --edit performed by instructor b/c student placed it in the course log--Guy vandegrift (discuss • contribs) 17:38, 24 November 2016 (UTC)