Case Study: 2008–What Happened?
For this week’s case study please answer the following questions (relate your answers to the movie ‘Inside Job’) . Please note, your answer to this question should be in paragraph form, it should be 5-paragraphs in length, and it should be no more than a page and a half long. Your paper should be presented as follows: (a) introduction, (b) answer to question 1, (c) answer to question 2, (d) answer to question 3, and (e) summary and conclusions. The questions are as follows:
1) What are the unintended consequences of financial innovation?
2) What are the unintended consequences of regulation?
3) Explain how the financial crisis of 2008 occurred—who is to blame?