2007-8 experienced a major global financial crisis that has been compared close to the Great Depression of 1930s. Understanding the financial crisis causes and consequences have become critical in the context of financial markets and institutions. In this assignment, you will be focusing on the crisis from investment analysis and portfolio management perspective. For this case study, do the following as outlined below.

Q1. Did the Wall Street have any role in 2007-8 global financial crisis? Explain. Also, list if there were others having role in this crisis.

Q2. Rating agencies are an integral part of the financial markets. What are these rating agencies? What role do such ratings play in portfolio management and how the rating agencies may have contributed to the financial crisis?

Q3: What are some of the lessons from the crisis for the portfolio managers?

Q4: What specific concepts and theories you are learning in this course, with special reference to the textbook and lectures, that will help you to become an effective and ethical portfolio manager?