Why did the financial crisis of 2007-2008 occur? What should the government response have been at the time and going forward? This is Part 2 of 3 of a presentation at the UC Berkeley School of Law on February 18, 2010. Be sure to visit my blog ProfessorBainbridge.com. (Not the greatest video quality, I'm afraid.)
View Part 1 here and Part II here.
Let's got to the video tape: