Question Description
Please respond to the discussion below.
5 sentences or more.
Hello Class and Professor,
Just finished watching the Frontline episode talking about what had happened to the markets and I am at a loss for words. I will do my best to describe what I believe happened.
1) The impact of the near failure of Bear Stearns was a cascade effect. It started with a rumor that they didn’t have enough money to pay for the debts they held. This in turn caused investors to pull out of investing in the company, which made other investors nervous and they pulled their money
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