Catea has just sent me the links to thsese great videos on The Crisis of Credit (Part 1 and Part 2) - take the time to watch both videos and answer the following questions:
- How is the "World Financial Crisis" defined in the video?
- How is Wall Street connected to the 'houses on Main street'?
- Who did did the investors answer "No thanks!", when and why?
- What can cause banks to go crazy with leverage?
- How does leverage work?
- What is a collateral debt obligation or "CDO"?
- What is a credit default swap?
Engloy the videos and be ready to discuss them in class.
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