2007-2010 Mortgage Crisis

Write a 3 page double spaced memo to the chairman of the US Federal Reserve system, Jerome Powell, describing your findings with regard to the US subprime mortgage crisis (2007-2010). Specifically, make the comparison of sub-prime mortgage investments by JPmorgan Chase versus other large banks (eg Citigroup). You should also make the inferences regarding these financial insitituions’ business or risk strategies before and during the crisis.