Week 7 Discussion
Instructions
Using the following links to the Frontline video Inside the Meltdown, answer the following questions:Short Version: https://youtu.be/HX6Fg62l0e8Long Version: https://youtu.be/7MXOr3KELqEWhat was the impact of the near failure of Bear Stearns and the failure of Lehman Brothers on Money Markets?What actions did the Federal Reserve and the Treasury Department take? What were the impacts of the decisions if any?What is the Dodd-Frank Act?
Answer
What was the impact of the near failure of Bear Stearns and the failure of Lehman Brothers on Money Markets?From the video the realization that is made regarding the impact that the near failure of Bear Stearns and Lehman brothers on the money markets is that many wall street businesses and companies did not want to conduct business with them. This was due to the fact that the Bear Stearns denied any association with the subprime mortgage that caused the crisis as well as having any liquidation issues. As a result, Bear Stearns was purged into bankruptcy leading to the fall of their shares in the market. However, the Federal Reserve stepped up to assist the company as a part of the JP Morgan agreement in purchasing the firm. The pitfall of the Bear Sterns resulted to an effect that affecte...
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