Behind the Scenes
Behind The Scenes
CNBC's team of financial journalists share a unique perspective on the economic crisis. From Wall Street to Washington, across the country and around the world, CNBC's anchors and reporters presented real-time coverage of major developments, including their impact on financial markets, economies, governments, investors, and consumers. Our team's experience and expertise provided actionable information and valuable analysis. Here, you can watch their candid comments about the crisis-- insight and opinions you have not seen or heard before. In these June 2009 conversations, they explain who's responsible, what lessons have been learned, and how such a crisis can be prevented from happening again.
How does optimism and euphoria affect investor and consumer behavior and what's their connection to the crisis? How can we learn from the housing, oil, and technology bubbles? What role did compensation play? And which moment was most significant?
What message does the government's bailout of the financial system send to Wall Street? Will the rescue have an unintended result? And how much responsibility for the crisis lies with consumers, many of whom bought more house than they could afford?
Greenspan went a step further. Several steps further. Less than a week after 9/11, the Fed began a series of interest rate cuts that made it easier and cheaper to borrow money.
Is the Obama adminstration going too far with rescues and bailouts? Will there be a demoralizing effect on free-enterprise? Why does the Federal Reserve deserve the most blame for the crisis?
How did the federal government's housing policies inflate the real estate bubble and were they aimed at creating too much home ownership? What does the term "irrational exuberance", originally coined by Alan Greenspan, have to do with economic bubbles? Why were risky securities given Triple A ratings?
Why the theory of creating safe investments by spreading risk backfired in this crisis. Will there be future bubbles like the ones we experienced with housing and technology? When did it become crystal clear that Wall Street would never be the same?
What are the dangers of excessive debt? How did Congress and the mortgage industry help create the housing boom and bust? Why is our collective lesson about financial literacy so important?
How did the technology boom set the stage for future bubbles? Why was the house-flipping trend unrealistic in the long term? What risks remain to the U.S. economy, despite the rescues and bailouts?
Why should some of the government's actions be considered heroic? What was one of the scariest moments in the crisis? How do overseas banks compare to U.S. banks in trying to correct underlying problems?
What is ahead for the U.S. economy and how long will recovery take? Are the Obama adminstrations budget estimates and deficit projections realistic? Why were mortgage lenders among the villians of the crisis?
How does this crisis compare to the Great Depression? Why is it so difficult to guage the future of the economy? What was the most difficult, frightning moment while covering the collapse?
What's the biggest unknown aspect of the recovery? When will we know the heroes of the crisis who helped bring stability to the financial system and who laid the foundation for an economic turnaround? Why are lawmakers and bankers pointing fingers at one another?
How did Europe react as the U.S. economic crisis spread around the world?
Why were Asian markets such a crucial indicator of the global recession's impact as it unfolded?