Michael Bloomberg - Origins of the Economic Crisis
Complete video at: http://fora.tv/2008/09/17/Michael_Bloomberg_on_the_Economy_in_Crisis Michael Bloomberg, Mayor of New York City and founder of Bloomberg, L.P., discusses the origins of the U.S. subprime mortgage crisis. ----- Mayor Michael Bloomberg addresses a Georgetown audience on the state of the American economic crisis, the steps that should be taken and the steps that have not yet been taken. He characterizes federal responses to date as being akin to "buying an alcoholic a drink." Michael Bloomberg is an American businessman, philanthropist, and the Mayor of New York City. He was elected mayor in 2001, then reelected to a second term in 2005. Bloomberg graduated from Johns Hopkins University in 1964 with a bachelor's degree in electrical engineering, then earned an MBA from Harvard Business School in 1966. His 1997 autobiography was titled Bloomberg by Bloomberg. Bloomberg is the founder and former CEO of financial news and data company Bloomberg, L.P.
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