Tuesday, September 17, 2013

WALL STREET - Remembering the Crash of 2008

"Remembering the Day When the American Financial System Began to Crumble" (Part-1) PBS Newshour 9/16/2013

Excerpt

SUMMARY:  In September 2008, the global financial markets were melting down and banking giants teetered on the brink.  Judy Woodruff recounts how the U.S. government responded in shoring up the financial sector, and, five years later, how some Americans remain angry and resentful of Wall Street.



"Henry Paulson Wishes He Had Today's Regulatory Tools During His Treasury Tenure" (Part-2) PBS Newshour 9/16/2013

Excerpt

SUMMARY:  On the fifth anniversary of the meltdown that crippled the nation's economy, Judy Woodruff talks with the former treasury secretary who was on the front lines of the financial crisis.  Henry Paulson reflects on progress by the financial industry, what tools he wishes he had before the collapse and the fight over the debt ceiling.

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