Text books that are used for this class:
-Title: Economics of Social Issues, ISBN-13: 9781259300103
-Title: Taxing Ourselves: A Citizen’s Guide to the Debate over Taxes, ISBN-13: 9780262533171
-Register, C. A., & Grimes, P. W. (2016). Economics of social issues (21st ed.). McGraw-Hill Education.
-Slemrod, J., & Bakija, J. M. (2017). Taxing ourselves: a citizen’s guide to the debate over taxes (5th ed.). MIT Press.
Fear swept across Wall Street’s huge companies as the housing bubble broke and billions worth of subprime mortgages started to go wrong in 2007 (BS., 2009). In September 2008, the head of the Reserve Bank warned the startled governance of the United States Congress in a secret meeting that the Nation’s economy was at severe risk of collapsing in a short time (Register & Grimes, 2016). This film looks at the origins of the catastrophe as well as how the authorities dealt with it. The intimate tales of the Bear Stearns transaction, the Lehman Brothers crash, the rescue of insurer AIG, including the $700 billion rescues are told in this video (BS., 2009).