How could government regulations have prevented or mitigated the credit crisis of 2008?
• Discuss whether too much governmental regulation of business or too little governmental regulation of business presents the greater danger to:
o the greater good
o business
After watching the video The Crisis of Credit Visualized, I have a much better understanding of the bigger picture of what happened in the 2008 credit crisis. I was aware that it was a result of the banks giving mortgages to people who they shouldn’t have given a mortgage to, but I didn’t fully understand the reasoning that drove that act. This was a very clarifying video that explained the credit crisis very well.
