1) Watch the documentary “Inside the Meltdown.” It is about an hour long and details some of the specific business practices that led to the economy falling apart in 2008, and to the passage of the Dodd-Frank Wall Street Reform Act (Dodd-Frank) along with the creation of the Consumer Financial Protection Bureau (CFPB). Those are covered in Chapter 4, and make up a large part of the Unit 2 Complete assignment.
Here’s a link to the video:
The documentary offers an insider view of the financial meltdown from the point of view of Washington and New York. It starts on September 18, 2008. In the first few moments, members of the Congressional leadership are astonished to be brought into a private session with the Federal Reserve Chairman and told that the American and international financial system was in grave danger of a complete meltdown in a matter of days. One of them noted, “There was literally a pause in that room while the oxygen left.”
2) Write a one page report (300-400 words), summarizing what you learned and indicating how the video helps (or doesn’t help) create a better understanding of Dodd Frank and the CFPB. Follow APA requirements for a cover page and reference page