NOTE: Will only give 5 star rating if all instructions are followed. You can do

Question

NOTE: Will only give 5 star rating if all instructions are followed.

You can do a search online (Google, Bing, etc) for a show titled 'House of Cards' from CNBC (NOT the one with Kevin Spacey on Netflix), or follow the link below:

Here is the link:

Instructions: must watch the documentary and write a 2-3 page analysis of the video FOCUSING ON ALAN GREENSPAN'S COMMENTS AT THE END OF THE VIDEO. You can discuss any angle you would like regarding what he said, but what I will be looking for is clear evidence that you watched the video and were able to analyze his strong belief in the market system (you can agree or disagree with him, but make sure to elaborate on why you believe the way you do in regards to what we are facing given the credit crisis). Your thoughts must be clear, and grammar should be excellent.

Explanation / Answer

Greenspan stated that the housing bubble was "fundamentally engendered by the decline in real long-term interest rates", though he also claims that long-term interest rates are beyond the control of central banks because "the market value of global long-term securities is approaching $100 trillion" and thus these and other asset markets are large enough that they "now swamp the resources of central banks"

Critics say Greenspan helped cause the housing bubble and the financial crisis by cutting interest rates too much, creating excess liquidity. Greenspan maintains there was little the Federal Reserve could have done to prevent the bubble without harming the economy and the stock market.As the housing bubble inflated, few regulators took notice. If they did, many turned a blind eye. Even Federal Reserve Chairman Alan Greenspan acknowledged during a Fed meeting in November 2002 that "our extraordinary housing boom cannot continue indefinitely." His words turned out to be drastic understatements and they would later come back to haunt him.y early 2006, America's unprecedented real estate explosion was hitting a wall. The boom hadn't turned to a bust, yet. But the housing market was slowing significantly. The evidence was clear: back-to-back quarterly drops in the median price of a home showed cracks in the armor of a market many experts believed would keep growing indefinitely.he ripple effects of the housing slowdown on Main Street were now reaching Wall Street, especially firms that invested heavily in subprime mortgages. The sudden collapse of two Bear Stearns hedge funds in June 2007 triggered the beginning of the panic among institutional investors, including investment banks, hedge funds, and sovereign wealth funds. Their voracious appetites for securitized mortgage products would soon come to an end.The uncertainly on Wall Street took a new, more ominous turn, and once again, Bear Stearns is at the center of the storm. It would overwhelm the firm, and during the course of just a few days, one of Wall Street's most venerable names would be taken over by a rival, despite unprecedented government efforts to prevent the company from failing.plummeting, as rumors escalate the investment bank is in danger of collapsing under the weight of massive exposure to risky subprime mortgage related investments. Bear denies the rumors and tries to stop the bleeding.he ripple effects of the subprime securitization scandal continued simmering through the summer. It would soon boil up to become the greatest financial crisis since the Great Depression, with incredible economic, political, and social ramifications. More well-known firms would go out of business, others would be bought by competitors, or get bailed out by the government. Millions of workers across all industries and sectors would lose their jobs. And the perception of prosperity that many Americans enjoyed for years would become a bitter reality: we had spent, borrowed, and fooled ourselves into a false sense of security.

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