The US economy is on the brink of--or is already in--a recession. The stock prices of the biggest banks and financial service companies are dropping. With such deep losses come layoffs, and thousands of jobs have been cut at banks and in other companies. Hundreds of billions of dollars have been lost by companies and investors--and the effects have been felt worldwide. Arthur Levitt discusses how this happened and what can be done about it.
Almost every day on television you will see ads that promise to clean up your credit score, give you more money, and put you in the car or house of your dreams. As amusing (or annoying) as these ads might be, they are important because the services and products that companies are offering are part and parcel of the subprime mess or credit crisis that we are seeing today. Arthur Levitt draws a direct line from places like the Mortgage Center to Citigroup and Merrill Lynch, the health of the stock market, the actions of the Federal Reserve, and the economic future of the United States and the entire world.
Almost every day on television you will see ads that promise to clean up your credit score, give you more money, and put you in the car or house of your dreams. As amusing (or annoying) as these ads might be, they are important because the services and products that companies are offering are part and parcel of the subprime mess or credit crisis that we are seeing today. Arthur Levitt draws a direct line from places like the Mortgage Center to Citigroup and Merrill Lynch, the health of the stock market, the actions of the Federal Reserve, and the economic future of the United States and the entire world.
February 1, 2019... Kirk Dando joins former SEC chairman Arthur Levitt to discuss his book and how he has spent the last twenty plus years...
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