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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That's why they took them over.
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.
"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.]
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.
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)
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!!!
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.
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.
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.
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
tania has gotten more involved in the athene clips and she's so funny too ahhaha