Fannie Mae and Freddie Mac, Lehman Brothers, AIG collapsed. The government stepped in in all those cases except Lehman Brothers; set in motion a lot of anxiety and uncertainty in markets.
Found ourselves in the middle of what is now called the Financial Crisis of 2008.
Were we wrong to believe that markets are self-regulating or were we right and something else caused the disaster?
Not: government or no government, but what should the role of government be?
" One man with arms around the legs says it's like a pillar, someone else holding the side says it's like a wall; like a rope if holding tail.
Those leaders need to put those technologies and the business need in perspective.The episode closes with some of Roberts's doubts about his narrative. [Recording date: May 12, 2010.] In March of 2008, Bear Stearns found itself in financial difficulty. Morgan Chase, where, by guaranteeing about billion worth of Bear Stearns's assets that JP Morgan Chase did not feel comfortable with acquiring or finding out quickly whether they were worth acquiring, the government got JP Morgan Chase to acquire Bear Stearns and honor their promises to others.Unable to borrow money to cover the promises they had made. That was in March 2008; unprecedented set of activities by the Fed.Since then, 13 or so podcasts, interviews with people on the crisis--insight on how the two worlds of Wall Street and investment markets, and housing markets, Fannie and Freddie worked; and how these two worlds interacted.Could have done a podcast every week, thirsty to find out what had gone wrong; tried to mix up the podcasts with other topics.Is it true that markets can't regulate themselves--not meaning anarchy versus government heavy-handed regulation, but just on this issue?Forget about property rights, contracts--lots of things people on the left and the right could agree on are probably good things for government.You've spent your career learning about IT -- network troubleshooting, programming languages, and data management. Here are a few tips to get you started on your new journey.Technology innovation is accelerating and so are the impacts of technology on society.To prevent consequences from that occurring, the Federal Reserve (Fed) and the U. Deemed crucial, necessary, and unavoidable--without a lot of evidence; there was a lot of uncertainty and fear about what would happen if Bear Stearns were allowed to go bankrupt and their creditors would not be getting the money that they expected.Fed and Treasury justified that intervention on grounds of stability, which lasted until September 2008.