Hello? How is your weekend going? I hope, you're having a nice weekend.
In this blog, i will be giving few last thoughts on global financial crisis.
I have done reading and watched videos, now i am ready to conclude.
I felt this last global financial crisis of 2008 needed an explanation.
People blamed others for the fault of this 2008 global financial crisis, but when i looked into it i discovered most of the accusations surrounding the blame game is from frustration of not understanding the situations, not knowing what other side has gone through, and unable to tell the uncertainty of the crisis caused people to point fingers at each other. Therefore, i would like to share videos that regard the inside view of what happened in 2008 global financial crisis.
First video is former-CEO of Morgan Stanley's John Mack's personal recollection of events during global financial crisis of 2008. Morgan Stanley was an investment firm(they sold subprime mortgage loans) before and during crisis, however, it turned to become a traditional bank after crisis.
Please sit tight because this video is 26 mins long, however, if you want to skip to the critical part then go to directly aroung 18:18 secs. Around 18-19 mins John Mack gives his view on what he thinks the Federal Government and the Treasury Department of the U.S was doing during the crisis(hint: whether he blames them for doing their job or not, you find out). But, i highly recommend you to watch whole duration of this video because this video really gives you the insider view of the global financial crisis in first person perspective. To me it was an eye-opener. Enjoy!
http://www.youtube.com/embed/R9sQtmPAYO0
Also to give you different point of view, i selected CEO of CitiGroup which is an universal bank during global financial crisis of 2008 to share his view on the crisis that happened in 2008. This one is pretty explanatory, so enjoy!
http://www.youtube.com/embed/98oR4iYYAsM
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