List of entities involved in 2007–2008 financial crises explained

A list of companies, governmental and quasi-governmental agencies (government-sponsored enterprises), and/or non-profit organizations involved in the various economic and financial crises of 2007–2008.

Housing Bubble

United States

See main article: 2000s United States housing bubble.

National home construction companies

• Beazer Homes USA
• Hovnanian Enterprises
• Lennar
• KB Home
• NVR, Inc.
• PulteGroup
• Toll Brothers

Real estate and appraisal

• Coldwell Banker
• Prudential Financial

Associations

• American Society of Appraisers
• Appraisal Institute
• National Association of Home Builders
• National Association of Realtors
• Real Estate Counseling Group of America
• Urban Land Institute

Mortgage crisis

See main article: Subprime mortgage crisis.

Subprime lenders

• New Century Financial Corporation
• American Home Mortgage Investment Corporation
• Accredited Home Lenders
• Countrywide Financial
• Northern Rock (UK)
• Ameriquest
• E-Trade
• Option One
• American Freedom Mortgage, Inc.
• MortgageIT
• NovaStar Financial
• American Equity Mortgage

Other lenders

• Washington Mutual
• Wachovia
• Suntrust
• Luminent Mortgage Capital
• Aegis Wholesale
• 1st National Bank of Arizona
• GreenPoint Mortgage Funding
• Velocity Commercial Lender
• Fremont Investment & Loan
• ResMAE Mortgage Corp
• Americans Brokers Conduit
• IndyMac Bank
• Aurora Loan Services LLC

Insurers

• American International Group
• Ambac
• MBIA
• Mortgage Guaranty Insurance Corporation

Secondary and securitized mortgage market

See main article: Secondary mortgage market.

Banks

See main article: List of bankrupt or acquired banks during the subprime mortgage crisis.

• BNP Paribas,^[1] France
• JPMorgan Chase, USA
• Citigroup, USA
• Deutsche Bank, Germany
• IKB Industriekredit-Bank, Germany
• Bear Stearns
• Sächsische Landesbank, Germany
• Goldman Sachs
• Lehman Brothers
• Bank of America
• Wachovia
• Netbank, USA
• UBS AG, Switzerland
• Northern Rock, United Kingdom
• HBOS, United Kingdom
• Merrill Lynch .,^[2] USA
• Washington Mutual Bank
• Dexia, Belgium, France
• Fortis, Benelux
• Royal Bank of Scotland Group, United Kingdom
• Lloyds Banking Group, United Kingdom
• Glitnir, Iceland
• Kaupthing Bank, Iceland
• Landsbanki, Iceland

Governmental and quasi-governmental

• United States Department of the Treasury
• U.S. Securities and Exchange Commission
• Federal Housing Finance Agency
• State of California
• Jefferson County, Alabama^[3]
• Vallejo, California

Central Banks

• Federal Reserve Bank
  • Federal Reserve Bank of New York
• European Central Bank
• Bank of Japan
• Bank of England
• Central Bank of Russia

Credit rating agencies

• Moody's
• Standard & Poor's
• Fitch Ratings

Government sponsored enterprises

See main article: government sponsored enterprise.

• Fannie Mae, Federal National Mortgage Association
• Freddie Mac, Federal Home Loan Mortgage Corporation

Nonprofit Organization

Community Organization

• ACORN Association of Community Organizations for Reform Now: accused of involvement

Credit Counselors

• Hope Now Alliance

United States officials' positions

Of the Emergency Economic Stabilization Act of 2008 and its reincarnation as an amendment of H.R. 1424, supporters and opponents:

Supporters

• Henry M. Paulson, Jr., Secretary of the Treasury
• Ben S. Bernanke, Chairman and a member of the Board of Governors of the Federal Reserve System
• George W. Bush, President
• John McCain, U.S. Senator, Arizona, 2008 Republican nominee for U.S. President
• Barack Obama, U.S. Senator, Illinois, 2008 Democratic nominee for U.S. President
• Joseph Biden, U.S. Senator, Delaware, 2008 Democratic nominee for U.S. Vice-president

Non-supporters

• Dr. Ron Paul, U.S. Congressman, Texas District 14, former candidate for Republican nomination for U.S. President
• Chuck Baldwin, 2008 presidential candidate for the Constitution Party
• Cynthia McKinney, 2008 presidential candidate for the Green Party
• Bob Barr, 2008 presidential candidate for the Libertarian Party
• Ralph Nader, 2008 independent presidential candidate
• Raghuram Rajan, 2005-06 Chief Economist, International Monetory Fund

Notes and References

1. http://www.bnpparibas.com/en/news/press-releases.asp?Code=LPOI-75W9PV&Key=BNP%20Paribas%20Investment%20Partners%20temporaly%20suspends%20the%20calculation%20of%20the%20Net%20Asset%20Value%20of%20the%20following%20funds%20:%20Parvest%20Dynamic%20ABS,%20BNP%20Paribas%20ABS%20EURIBOR%20and%20BNP%20Paribas%20ABS%20EONIA BNP Paribas Investment Partners temporally suspends the calculation of the Net Asset Value of the following funds: Parvest Dynamic ABS, BNP Paribas ABS EURIBOR and BNP Paribas ABS EONIA
2. Web site: AM - Subprime slump claims Merrill Lynch chief. ABC, Australia.
3. News: Report: Bankruptcy Looms for Jefferson County, Alabama . The Wall Street Journal . Dan . Slater . August 29, 2008.