Watch the video of Prof. Kates and understand what happened during the melt down of our financial system. Watch part one and then part two. These are short but very good.
Steve Kates Explains the International Impact of the 2008 Financial Crisis: Part One
Economics Professor Steve Kates from RMIT University in Melbourne, Australia explains how the 2008 financial crisis exposed the world the interconnectedness of the world markets.
https://www.youtube.com/watch?v=ofZ2zHnkL88&index=2&list=PLiwRfWH9_l_7tq60EZbrOXjKvuqBUwIHZ
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