Watch the documentary "INSIDE THE MELTDOWN", available at

http://www.pbs.org/wgbh/pages/frontline/meltdown/

a. What do you think THREE important CAUSES for the US financial crisis of 2007-2008 were? LIST

THEM (1, 2, and 3). Explain (provide SUPPORT to each of your THREE causes). You should use

FOUR to SIX lines to explain EACH of your THREE causes.

b. What do you think THREE important CHANGES (improvements) in the regulation and

supervision of the financial system are needed? LIST THEM (1, 2, and 3). Explain (provide

SUPPORT to each of your THREE suggested changes). You should use FOUR to SIX lines to explain

EACH of your THREE suggested improvements.

c. From your point of view, should have (large) financial institutions been BAILED OUT during this

financial crisis? Or should have they been allowed to FAIL/GO BANKRUPT? Explain. Use SIX to

EIGHT lines to explain your position.