The 2008 Financial Crisis Explained
Civics 101
00:00
Dodd-Frank - Is That the Answer to the Financial Crisis?
The Fed is buying worthless assets from investment banks because they can't get anybody else to buy them. Dodd-Frank was the longer term, how do we fix the system? Now that we were forced to bail it out, howDo we make sure that doesn't happen again? I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon as possible. If nothing is done, this recession could linger for years.
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