New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here


by: Shelby Kolb


Shelby Kolb
Cal Poly
GPA 3.6

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

You won't have to watch the HOUR LONG video yourself! I watched it all and took notes. Enjoy
Political Science 112
Kathryn Logan
Class Notes
pols 112, pols, political science, Logan, video notes, inside the meltdown
25 ?




Popular in Political Science 112

Popular in Political Science

This 1 page Class Notes was uploaded by Shelby Kolb on Wednesday April 13, 2016. The Class Notes belongs to 112 at California Polytechnic State University San Luis Obispo taught by Kathryn Logan in Spring 2016. Since its upload, it has received 21 views. For similar materials see Political Science 112 in Political Science at California Polytechnic State University San Luis Obispo.


Reviews for POLS 112 VIDEO NOTES !


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 04/13/16
PBS Frontline 2008 : Inside the Meltdown – Video Notes  Housing market crashes & rumors of Bear Stearns running out of cash spreads  CNBC spreads rumors. Stock in free fall  people lose confidence in company.  Ace Greenberg calls CNBC and denies rumors.  Bear Stearns had been buying mortgages, bundling them into securities, and selling to investors.  Housing bubble pops.  Bear Sterns = smallest investment bank on Wall St.  brings out CEO to reassure public (Schwartz)  Reserve almost gone as stock keeps falling  Credit default swaps worth hundreds of billions of dollars… Fed discovers this and realizes if they fail, it will affect everyone else and ruin the entire economy  Federal Reserve = prohibited from loaning $ to Bear Stearns, so they indirectly loaned money thru another bank, JP Morgan  By doing this, Fed singled out Bear Sterns which proved their serious failure (Fed never took this kind of action towards another bank)  Paulson wants to punish Bear Sterns and refuses to pay any more than $2/per share. Show other banks that there is NO government safety net.  Fannie Mae / Freddie Mac = provide affordable housing  Government fires management of Fannie Mae/Freddie Mac and takes over  Lehman Brothers = next large company to fail. Paulson tells Folt to try to find a buyer of L.B.  Government refuses to help Lehman Brothers  People stop giving out loans completely. Market freezes  AIG= biggest insurance company  Congress was aware of very few specifics  Bernanke  initiate full scale bailout of banking system. Turns to Congress for help. Paulson agrees.  Paulson  buy toxic assets from banks (around $700 billion)  HOR approves bill after revising and secretly adding capital injections  Capital injections= unfreeze credit  Paulson and Bernanke offer millions of dollars to banks


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Janice Dongeun University of Washington

"I used the money I made selling my notes & study guides to pay for spring break in Olympia, Washington...which was Sweet!"

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."


"Their 'Elite Notetakers' are making over $1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.