In September 2008, the United States experienced a substantial credit crisis on Wall Street leading to the bankruptcy of large and well established investment banks. Having a severe impact on the economy and consumers in both the United States and globally, congress passed a historic $700 billion rescue plan. Finance professor
James Angel discusses the causes and consequences of the financial crisis on Wall Street, how the market is being affected, and how the $700 billion rescue plan is designed to stabilize the economy.
James Angel is Associate Professor of Finance at the McDonough School of Business at Georgetown University. Professor Angel is a financial expert whose research focuses on the operation of financial markets in the United States and other countries. For the year 1999-2000 Professor Angel was the Visiting Academic Fellow at the NASD, where he participated in several studies of The Nasdaq Stock Market, Inc. Professor Angel has also served as a consultant to broker-dealers, stock markets, and law firms.
