The subprime mortgage crisis has led to the failure or sale of some venerable financial institutions, as well as the wholesale government bailout of others deemed "too big to fail." Some observers fear the entire financial system may be teetering on the brink of collapse. Professors James Cox, Steven Schwarcz, and Bill Brown discuss the causes and cures for the growing economic crisis. [Bill Brown is a visiting faculty member at Duke Law, and is cofounder of Palmer Labs, LLC, and 8 Rivers Capital, LLC, . In addition to his Duke Law degree, Brown holds a bachelor's degree in biology and political science from MIT in 1977]. Program sponsored by the Office of the Dean.
Recorded on September 25, 2008.
Full title: Bubbles, Bailouts, & Bedlam: How Bad Is the Financial Crisis?.
Appearing: James Cox, Steven Schwarcz, and Bill Brown, panelists.