Summary of the Videos Essay Example | Topics and Well Written Essays - 500 words

Summary of the Videos - Essay casingMention is made of key personalities like Federal Reserve Chairman Ben Bernake and Secretary of Treasury total heat Paulson (Kirk, 2009). Later, the stories try to scrutinize how global monetary giants can be held accountable for their decisions and how these decisions affect the larger outside(a) financial markets. The writers also wonder if any lessons had been learned for the approaching future.From the perspective of international financial markets, the writers stupefy roughly very strong points when it comes to aspects of lessons learnt. For example, they try to quiz the merits in allowing only a few entities and companies to tell the international financial market. This was done in a manner that the writers constantly portrayed the fact that some few entities like Washington and Wall Street and companies like Bear Stearns and JP Morgan were given so untold power to determine the temperature of the world finance markets (McClain, 2002) . As students of finance and accounting, what becomes germane(predicate) in questioning is the accept to ensuring that for the sake of globalization and for the fact that the performance of any single country goes a long steering to affect the international financial market at large, it is important that policies directed giving the global financial market some levels of restoration and hope would be done from a decentralized perspective (Investopedia, 2012). This is plastered that input and contribution of every country and every sector of the economy should count as relevant in relieving the world of future crisis. After all, a country like the United States of America would last out to do international business with other nations and so should have the welfare and progressive growth of those nations at heart. Again, overdependence on the mortgage industry has somehow proved to the country that getting support from other sectors would tranquillise it of some pressure and ens ure steady growth.The two