Professor James Angel discusses the causes and consequences of the recent financial crisis.

Description

In September 2008, the United States experienced a substantial credit crisis on Wall Street leading to the bankruptcy of large and well established investment banks. Having a severe impact on the economy and consumers in both the United States and globally, congress passed a historic $700 billion rescue plan. Finance professor James Angel discusses the causes and consequences of the financial crisis on Wall Street, how the market is being affected, and how the $700 billion rescue plan is ...