Video : Inside The Meltdown[Season 27: Episode 8]
Questions:
• Who was Ben Bernarke and what role did he play in the "meltdown"?
• Who was Henry Paulson and what role play in the "meltdown"?
• Henry Paulson used the term, "moral hazard" - what does the term mean? Explain what the political issues involved were?
• Considering the consequences involved, who actually assumed the burden for the "meltdown" and who should have been held responsible? Provide examples.
• Explain the ethical issues involved with the "meltdown".
• Provide your opinion on whether or not the bailout was a wise decision.
• What steps could have been taken to avoid the financial crisis or "meltdown"?
• Explain the impacts of the "meltdown".
• Can this type of "meltdown" happen again?