Chapter two of this WSJ series takes a look at 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 End Of Wall Street: Why It Happened
July 24, 2009
Here is another well produced and interesting video from the Wall Street Journal about the credit crisis. I don't think there is fresh information here, or breaking news, but the video is easy to watch. Chapter two of this WSJ series takes a look at 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."
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