Watch this series on video

Wall Street Meltdown:
What Happened?
What to Expect?

WHEN: Monday, October 20, 2008
WHERE: Campus Center Atrium
TIME: 3:00 – 4:30 pm

With: SOM Management Professors

Bill Rapp – on Macroeconomics

Did you know that in the years 2006 – 07, 1 trillion dollars of equity was taken out of homes?  That equaled 10% of US consumption.

Alan Yan – on Hedge Funds

Hedge funds can do whatever they please.  They are unregulated.  Their money making key is leverage.  They buy something that earns 4%, yet when leveraged 5 times, it now earns 20%.  Sometimes the leverage was even leveraged.

Ron Sverdlove – on Credit Default Swaps and CDO’s

Financial Engineers, those with advanced Math and Physics degrees, were so far ahead in modeling new and even less understandable bets that Regulators and investors couldn’t keep up.

Michael Ehrlich – on Savings and Retirement

DON’T PANIC!  Envelopes will be arriving in the mail soon with the results of the quarter ended September 30th.  What does it mean to you?