Anatomy of a Financial Crisis - Part 1

The Private Sector

The NBR series Anatomy of a Financial Crisis dissects the roles Wall Street, Washington, and Main Street played in creating the crisis. In this report, NBR correspondent Erika Miller explains what part of the blame should be claimed by banks and brokerages.



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External Links/Articles*

• Atlanta Fed (PDF Document)
  The Atlanta Fed is part of the U.S. central banking system. This links to the text of a speech given by David Mengle of the International Swaps and Derivatives Association at the Atlanta Fed's 2007 Financial Markets Conference. The speech is titled, "Credit Derivatives: An Overview."
• Knowledge@Wharton (Registration Required)
  Knowledge@Wharton is the online business journal of the Wharton School of the University of Pennsylvania. This links to a June 20, 2008 opinion piece published in the journal. The op-ed is titled, "Greed Reflects a Failure of Leadership."
• Miller Tabak & Co.
  Miller Tabak is an "institutional trading firm." The firm's chief bond market strategist, Anthony Crescenzi, is interviewed in Erika Miller's report. This links to Crescenzi's bio.
• New York Fed (PDF Document)
  The Federal Reserve Bank of New York is part of the U.S. central banking system. This links to a March 2008 report published by the bank titled, "Understanding the Securitization of Subprime Mortgage Credit."
• Princeton University
  This links to information about Alan Blinder available on the Princeton University website. Blinder, a Professor of Economic as Princeton, is interviewed in Erika Miller's report. The site contains a bio of Blinder as well as links to academic articles and op-eds he has written.
• RGE Monitor
  RGE Monitor is an economic analysis firm headed by Nouriel Roubini, a professor of economics at NYU's Stern School of Business. This links to a blog entry on the RGE Monitor website titled, "How SEC Regulatory Exemptions Helped lead to Collapse." The entry was authored by Barry Ritholtz, CEO and director of equity research at FusionIQ.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.