Assignment:
1. Watch the video from the CNN documentary "The Eighties: Greed is Good." It's Season 1, Episode 8 if you'd prefer to watch on Netflix (might be easier!). Unfortunately, this particular episode isn't on YouTube at the time of this assignment, but it might be now if you'd like to check. It IS on Netflix, and I'm sure most of you have access to a Netflix password but if not, the link I've attached below will pull it up.
2. Compare and contrast the financial situation(s) described in the 80s with what's happened over the last 10 years or so, including our "Great Recession." For example, a couple of the the big financial scandals at the time was Insider Trading and Leveraged Buyouts, today it's Ponzi Schemes and Betting on the Bubble (housing, etc). Also, then credit card usage was on the rise, today it's rampant and even seen as necessary (in the 80s, $12,000 sent a family into bankruptcy, that might be considered a low amount today).
3. Draw a conclusion. We seem to repeat our financial history, why is that?