Problem
Watch the PBS video: "Inside the Meltdown"
The video discusses the Repo Market and Bear Stearns reliance on it. What is the Repo Market and how was Bear Stearns impacted by it?
What was the impact of the near failure of Bear Stearns and the failure of Lehman Brothers on Money Markets?
What was the impact on the market for longer-term securities?
What actions were taken by the Federal Reserve and the Treasury Department?
What was the impact of those actions?
Do you think those actions were justified? Why?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.