to take notes about a video, economics homework help

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Economics

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Running head: NOTES ON VIDEO

1

Notes on Video: Money, Power and Wall Street
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NOTES ON VIDEO

2
Notes on Video: Money, Power and Wall Street

The video, Money, Power and Wall Street, runs for four hours to display the struggle to
repair a broken economy. It focuses on the cause and effects of the 2008 financial crisis by
tracing the formation of credit default swaps and the application of mortgage market. The
documentary has been described as informative and demanding as it explores issues that are
crucial to the economic stability of the economy.
The first hour focuses on the clear increase in credit default swaps by using the voices of
the initial creators. The feature shows that the bankers used the booming real estate market to
tweak the credit default swaps and sell home mortgage loans to the enthusiastic investors. This
resulted in the bundling up of credit swaps although there was a flow of money in the banks.
However, the increase in the exchanges was lethal to the financial system of the country. Al...


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