Part 3 - End of Wall Street: What Happens Next (WSJ Video)

Chapter Three:

This final chapter of the crisis on Wall Street tells the story of the $700-billion bailout, as seen through a reporter's eyes, and looks at what's ahead for the global economy.



Courtesy: The Wall Street Journal (wsj.com)

Part 2 - End of Wall Street: Why it Happened (WSJ Video)

Chapter Two:
What was going through the minds of CEOs, corporate boards, fund managers and mortgage lenders as they created hard-to-understand derivatives Warren Buffett once called "weapons of financial mass destruction."



Courtesy: The Wall Street Journal (wsj.com)

Part 1 - End of Wall Street: What Happened? (WSJ video)

Chapter One:

In the first of this three-part series, Journal reporters explain how the housing bubble inflated and burst, and why easy money led to the collapse of Wall Street's biggest financial institutions.



Courtesy: The Wall Street Journal (wsj.com)

Fundamentals, I guess

Baycrest Six know credit

Even during the Depression, credit was the last thing anybody wanted, a sign of shame. "When I was nine or 10, my dad was a tailor but he couldn't find work. My mother had to go to a grocery store to buy essentials. The owner wrote our name in a book, $1.65," Mr. Brown says.

When his father found work and was paid, the first thing his mother did was wipe out that $1.65 debt.

Times have changed. Canadians have never been in more debt than they are today. They have also never saved so little.