2008 financial collapse

  • lewdonovan
    October 15, 2014  

    Worries about Ebola, Europe and the U.S. economy drove another dive on Wall Street. On the same day, the Obama administration announced the national deficit has declined to its lowest level since 2007. Gwen Ifill talks to Treasury Secretary Jack Lew and Budget Director Shaun Donovan about signs of a stabilizing economy, as well as why Americans are skeptical of the improvement. Continue reading

  • Six years after the collapse of Lehman Brothers and the start of the 2008 recession, David Bosworth takes a closer look at its moral origins. Photo by Flickr user Scott Cawley.
    September 25, 2014   BY David Bosworth 

    Six years ago, during the fall of 2008, the financial world was unraveling. But the origins of the Great Recession weren’t simply monetary; they were moral, argues University of Washington professor David Bosworth. And yet, virtual America continues to miss the lessons, so often communicated in fairy tales, about the dangers of unchecked self-interest, he writes in an adaptation of his new book, “The Moral Origins of the Great Recession: The Demise of Virtue in Virtual America.” Continue reading

  • BernankeScreenShot
    February 23, 2014  

    Federal Reserve Board transcripts from 2008 released on Friday give a behind-the-scenes look at how the nation’s central bankers reacted to the global financial meltdown. Hari Sreenivasan speaks with the Wall Street Journal’s Jon Hilsenrath about what new insight these documents give us about how the Fed handled the crisis. Continue reading

  • November 19, 2013  

    JP Morgan Chase agreed to pay a record $13 billion in fines and compensation to investors and struggling homeowners. The nation’s largest bank admitted it misrepresented mortgage-backed securities that collapsed in 2008. Gwen Ifill gets reaction from Lynn Stout of Cornell University and banking consultant Bert Ely. Continue reading