Crisis on Wall Street



Uploaded by: uchannel
Video Description:
Princeton economists review recent events on Wall Street and assess the implications for the economy and public policy.
Panelists: Hyun Shin, Professor of Economics and associate chair of the Department of Economics; Markus Brunnermeier, Professor of Economics;
Harrison Hong, Professor in Finance;
Paul Krugman, professor of economics and international affairs; Alan Blinder, Professor of Economics and Public Affairs and co‐director of the Center for Economic Policy Studies.
Sep 23, 2008 at Princeton University


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I couldn't hear ... ( 2 months ago by giggylego)
I couldn't hear Blinder properly when I was there.
Great stuff, I ... ( 2 months ago by semiliteratedgod)
Great stuff, I agree with Krugman, Paulson's superexpensive witchcraft would only feed the bad guys (30:1 leverage, invested into a bubble, OMFG!), it can't guarantee that the economy to is gonna recover
Fannie and Freddie ... ( 2 months ago by RemiG2006)
Fannie and Freddie were leveraged 100:1 or even more!
That's why they took them over.
Very informative. ... ( 2 months ago by Oheeeoh)
Very informative. Thanks for posting this.
Too bad these guys aren't in congress and are in a position to fix the problem. I think it speaks volumes for the future of our country when the best and the brightest people have no interest in serving the public in a top government position.
very nice ( 2 months ago by MyBigGayDance111)
very nice
Notice the only ... ( 2 months ago by JoeTFriday)
Notice the only comment on the (government) 'do nothing' option. Krugman says (40:20):
"If they don't have the capital, they can't do ... they can't provide the credit. Now you could say well, you know, if it's a good business, why dosn't somebody come in and, you know, why don't people start new banks, if the existing banks are undercapitalized, and the answer is, yeah, give us a decade or so and that will happen."[cont.]
[cont.]"But... in ... ( 2 months ago by JoeTFriday)
[cont.]"But... in the long run it will work out and in the long run we are all dead." (Laughter).
This is BS of course. It implies that there will be no healthy banks left when the jerks are bankrupt. WRONG! The 'do nothing' option is the ideal solution. Keynes is dead, but we aren't, pal. We're living with -- and paying for -- the interventionist consequenses.
URGENT ACTION ... ( 2 months ago by rspix000)
URGENT ACTION NEEDED
Sen Maj Leader Harry Reed is planning on bringing back the inadequate give away that was defeated in the house. Its going to be voted on Wednesday or Thurs. He needs to be told by email, fax, phone that it is not good enough. his contact info is:
528 Hart Senate Office Bldg
Washington, DC 20510
Phone: 202-224-3542
Fax: 202-224-7327
Toll Free for Nevadans:
1-866-SEN-REID (736-7343)
We sit around, ... ( 1 month ago by ussvoyager1965)
We sit around, point a finger and blame someone for all of this and ask the question why did this happen? what caused it? One, the media has been inundating us with grim news for over eight years about the economy. The genius politicians/bureaucrats all over the country have been delibrately lying to the American consumer, the CEOs of all the big companies and banks have been blatantly stealing our money and all those damn geniuses from whatever think tank they crawled out of are out
there analyzing ... ( 1 month ago by ussvoyager1965)
there analyzing what happened?
The American consumer is: losing their job, health insurance, car, house. our jobs are going over seas.
Maybe the hungry bastards can send each one of us to california for 440,000.00 after we just forked over 710billion and another 85.5 billion and yet another 80 billion today!
you really want to know why we don't trust you? And to think you paid the moron in this video 1.5 million to tell us this crap!!!
omg now comes the ... ( 1 month ago by niel718)
omg now comes the Veto Crisis!!!
thanks for calling ... ( 1 month ago by shimmlemann6)
thanks for calling the rest of us idiots krugman
The Australian ... ( 1 month ago by johndownunder)
The Australian government has just announced Billions in aid to be given in cash payments of $1,000 per child and $1,400 to each pensioner in Australia to compensate for the effects of the finacial crisis.There are many American citizens in need of real financial assistance.If Australia a much poorer country than the USA can afford to help their citizens in tough times why wont the US Government help their citizens who are in far greater need instead of just the ultra rich on Wall Street.
Si el índice se ... ( 1 month ago by josejloayza)
Si el índice se hubiera mantenido sin cambios, esta ola de egresos nunca se hubiera producido, y los Bancos Matrices hubieran buscado recapitalizarse con otros negocios.
SI SUMAN los egresos ocasionados por los POCOS DUEÑOS DEL PETROLEO con los de los CLIENTES hipotecarios, hace que los BANCOS MATRICES tiemblen, viéndose obligados a restringir sus egresos, haciendo que clientes hipotecarios NO PAGUEN sus HIPOTECAS. Y el EFECTO DOMINO se produce.
Al perder estos ... ( 1 month ago by josejloayza)
Al perder estos billones estáticos, los Bancos Matrices le dicen a los Hipotecarios que no presten más dinero, y los Bancos Hipotecarios creen que es la comunidad la que ha sacado el dinero para gastarlo, así que sube el INDICE DE PRESTAMO (Euribor) para aprovechar la supuesta bonanza del pueblo.
Como el dinero no está de sobra, sino que se los llevaron los POCOS DUEÑOS DEL PETROLEO, entonces la comunidad sufre porque no tiene como pagar la subida de sus HIPOTECAS VARIABLES.
( this vid makes me ... ( 1 month ago by HappyHappyJoyJoyJoy)
( this vid makes me so sad. some1 msg me!! xD h
Si dice que el ... ( 1 month ago by josejloayza)
Si dice que el Banco que presta no cobraría un interés apropiado de acuerdo al riesgo que tomaría porque ya no le importa que le roben la plata, es también absurdo, ya que todo Banco tiene la obligación de proteger el dinero de sus cuenta ahorristas. Ningún ahorrista colocaría su dinero en un Banco que arriesga todo su dinero porque confía en el CDS, pudiendo perderlo todo y perjudicar a los ahorristas.
El 18, 19 y 20 de ... ( 1 month ago by josejloayza)
El 18, 19 y 20 de Octubre del 2008, al Señor Jorge Suarez de New York en el programa EN EFECTIVO del canal CNN EN ESPAÑOL la señorita Gabriela Frios le preguntó no sería conveniente eliminar este tipo de servicio, y este señor dijo GRACIAS a este tipo de servicio, los créditos no se encarecen. Esto es absurdo, cuando el prestamista se asegura pierde de sus utilidades o se lo transmite al usuario final, es decir el crédito con este tipo de servicio SE ENCARECE.
CDS o Credit ... ( 1 month ago by josejloayza)
CDS o Credit Default Swaps deben ser declarados ILEGALES y tener una pena de 10 años de prisión a responsables de usar este servicio o darlo, e incautar beneficios físicos y económicos obtenidos con este sistema.
Tampoco son indicadores de la situación financiera del Banco prestamista ni del prestador. Ya que el que prestó nunca obtuvo toda la información pertinente que asegure que su préstamo iba a parar a buenas manos, porque no le importaba, total el seguro le paga.
El asegurar un ... ( 1 month ago by josejloayza)
El asegurar un préstamo, incentiva a minimizar todas las protecciones que Bancos e Instituciones deben tener para proteger el dinero de sus cuenta ahorrista, y es un instrumento ideal para una ESTAFA LEGAL. Donde el Banco o Institución prestan una enorme suma de dinero a sabiendas de que no le van a pagar, se asegura con el CDS, no le pagan, cobra el seguro y se reparten las utilidades con el prestamista.
CRISIS FINANCIERA ... ( 1 month ago by josejloayza)
CRISIS FINANCIERA por CDS (Credit Default Swaps)
Solo las Aseguradoras pueden otorgar seguros a bienes tangibles y responderá con sus activos en caso de que el bien se siniestre o pierda, y no pueden actuar como Banco.
Toda aseguradora tiene restricciones y protecciones que el cliente debe cumplir o no recibe el seguro, para los CDS no es posible hacer cumplir estas restricciones porque son variables indeterminadas e incontrolables en el tiempo, y ponen en peligro capitales millonarios
Johnny I can make ... ( 1 month ago by spoonhol)
Johnny I can make more then you . I make over 300 gold/hour using guide from wowfarmers(.)info
tania has gotten more involved in the athene clips and she's so funny too ahhaha
I know this sounds ... ( 1 month ago by nicegurl112)
I know this sounds odd but I really like big mans... I think they know how to please a lady more!
are you still sad? ( 1 week ago by akamal1113)
are you still sad?




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