Worksheet 4 - Ch. 10-The Financial CrisisDue: Sunday, March 31, 2024 @ 11:59 PM 1.) In director Adam McKay's 2015 movie The Big Short, actor Ryan Gosling plays investment banker Jared Vennett of Deutsche Bank. How does Vennett explain the role of mortgage-backed securities (MBSs) in the Financial Crisis (video here; 8:54)? 2.) 2001 Nobel Prize winner and Columbia University economist Joseph Stiglitz's argues that markets are not efficient in the video "Financial Crisis as Market Failure," (4:46) from February 13, 2015. What does Stiglitz mean when he says "markets fail"? What is the "doctrine" that incentivizes all this behavior? 3.) Why does Manhattan Institute fellow Nicole Gelinas' argue that bank deregulation did not cause the 2007-2008 Financial Crisis in the video "Should Government Bail Out Big Banks?" (5:52) from June 22, 2015? 4.) Visiting Scholar, Social Studies, Harvard University and political scientist Jeffrey Friedman's AEI video "Regulators' Ignorance Contributed to the Financial Crisis," (4:11) video from October 24, 2011. What role did capital requirements and regulation play in the 2007-2009 Financial Crisis? ECO 202WS 4-Ch. 10 The Financial CrisisPage 2