Watch the hour-long retrospective which aired last night on PBS’s Frontline. It should be very enlightening in regards to the seeds of the bubble and meltdown. It examines who the players in the 1990s and 2000s were, what their attitude to regulation was, and how lax regulation created a bubble and a bust.
Also see the following posts for more background:
- Freshwater versus saltwater circa 1988
- Deregulation efforts from the late 1990s were blocked
- FRONTLINE: Inside the Meltdown of Sept. 18, 2008
(video was to be embedded below, but I cannot get it to run on Naked Capitalism; Here is a link to Frontline for the video which runs just under one hour)