In: Economics
First, select a financial industry event that interests you
most, such as the stock market decline from 2007–2009, the
financial system bailout in 2008 (Emergency Economic stabilization
Act of 2008), or the 2011 stock market decline and subsequent
volatility.
Explain what precipitated and resulted in this specific event.
Specifically, identify what key lapse allowed the event to happen
in the first place, given the topics discussed throughout the
course regarding sound financial behavior.