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

Summary of the Videos - Essay Example Mention is made of key personalities like Federal Reserve Chairman Ben Bernake and Secretary of Treasury Henry Paulson (Kirk, 2009). Later, the stories try to scrutinize how global financial giants can be held accountable for their decisions and how these decisions affect the larger international 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 make some 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 control 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 much power to determine the temperature of the world finance markets (McClain, 2002). As students of finance and accounting, what becomes relevant in questioning is the need to ensuring that for the sake of globalization and for the fact that the performance of any single country goes a long way 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). T his is mean 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 continue 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 relieve it of some pressure and ensure steady growth. The two