Host: Cato Institute. Mortgage defaults, together with excessive debt and ineffective regulation, ultimately led to a major financial crisis in the United States. But how exactly did a steep drop in U.S. housing prices result in a severe financial crisis throughout the world? How did actions of the U.S. government impact the crisis? And what actions should be taken to resolve this financial crisis and help prevent others from happening? In Too Big To Save? Robert Pozen, former vice chairman of Fidelity Investments and current lecturer at the Harvard Business School, takes on these questions and others.
Official Website: http://www.cato.org/event.php?eventid=6636
Added by insideronline on October 22, 2009