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Anatomy of an Economic Meltdown

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Published on Oct 23, 2008

University of Michigan Ross School of Business professors present a post-mortem on the world's financial crisis and the challenges now facing political leaders and regulators. The diagnosis can serve as a useful guide for the future as governments worldwide seek to stabilize the markets and prevent another debacle. The U.S. government just passed a $700 billion bailout package that allows it to buy toxic assets from financial institutions while both U.S. and European governments are moving to take stakes in banks. The panel shows how a mix of poor mortgage practices, a housing price bubble, highly levered investment banks, de-regulation and some lax monetary policy turned toxic after a period of prosperity and helped create a financial meltdown that has poisoned the world economy.

For more from Ross Thought in Action: http://www.bus.umich.edu/rossthought/

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