Define Monetary Policy and its purpose. What factors led to the mortgage default crisis and ultimately the Housing Crisis? How did mortgage defaults affect banks involved in mortgage lending and mortgage investing? Evaluate TARP and illustrate the problem of moral hazard? What did the Federal Reserve do during the financial crisis of 2008 up until now -- 2016? How did the recent financial crisis affect the financial services industry? Explain how the policy attempted to "stabilize" the economy.