Published 1/9/2009
at WSJ.com: Washington Wire
President-elect Barack Obama and Democrats in Congress have made fixing the U.S. economy the number one priority in Washington. But how did it come to this? Be sure to check out WSJ.coms three part video series, “ The End of Wall Street ,” on the collapse of Wall Street featuring insight and analysis from Journal reporters.
In chapter one, What Happened, reporters explain how the housing bubble inflated and burst, and why easy money led to the collapse of Wall Street’s biggest financial institutions:
In chapter two, Why It Happened, we explore what was going through the minds of CEOs, corporate boards, fund managers and mortgage lenders as they created hard-to-understand derivatives Warren Buffett once called “weapons of financial mass destruction”:
The final chapter, What Happens Next, tells the story of the $700-billion bailout, as seen through a reporter’s eyes, and looks at what’s ahead for the global economy:
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