October 8, 2008
Dr. Gregg Dimkoff, professor of finance in Grand Valley State University’s Seidman College of Business, talks about the current financial meltdown.
How did we get in this mess? Dr. Dimkoff looks at the culpability of the Federal Reserve, lenders, borrowers, speculators, the Community Reinvestment Act, bond rating agencies, bond insurers, Wall Street, and the U.S. Congress. What has the federal government done to stabilize the economy? What will the meltdown cost citizens? What’s ahead? What can we do, as individuals, to survive? Dr. Dimkoff answers these questions and more.