The Financial Crisis: One Year Later
Last fall, the U.S. financial system was in imminent danger of collapse. To stave off that failure, Congress, federal agencies and the Federal Reserve engineered a bailout. One year later, where do things stand? What have the American taxpayers received in exchange for the aid given to the financial sector? What reforms have been undertaken?
To answer those questions, the PBS show Bill Moyers Journal devoted last weekend’s episode to exploring the state of reform and whether or not the U.S. missed a chance to better the financial system.
Click here to view a discussion among Moyers, MIT economist Simon Johnson, and U.S. Rep. Marcy Kaptur.