Panel: Bailing Out Wall Street
Bailing Out Wall Street
Dave Callaway, Editor-in-Chief, MarketWatch
Jonathan Berk, Professor, Graduate School of Business, Stanford University
Maggie Mui, San Francisco Market Regional President, Wells Fargo
Kathleen Pender, Net Worth Columnist, San Francisco Chronicle - Moderator
This summer, Americans thought they were the victims of a mortgage crisis, but the ensuing financial collapse revealed that we are experiencing a global credit crisis. Now, the financial giants at the helm of business are facing massive losses and bankruptcies and asking Congress and taxpayers to save them. Even after a $700 billion bailout and support from abroad, the market is still suffering. How will the Treasury and the Federal Reserve try to solve this problem? What is our market going to look like by the end of the year? Experts will steer you through murky economic waters.
This program was recorded in front of a live audience on November 3, 2008