Watch Video to answer the following 4 questions:
Video Link: https://www.pbs.org/wgbh/frontline/film/meltdown/
1. Explain what the toxic assets were composed of and how they were created. The video refers to toxic assets in the first 10-15 minutes. (Write 2-3 sentences min.)
2. What are credit default swaps (cds)?
(Write 2-3 sentences min.)
3. What actions did Henry (Hank) Paulson take to avert the financial crisis?
(Write 5 -8 sentences min.)
4. What actions did Ben Bernanke take to avert the financial crisis?
(Write 5 -8 sentences min.)
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