President Bullard on the Origins of the Financial Crisis - Part 1: What Happened?

June 9, 2009

St. Louis Fed President James Bullard discusses the origins of the financial crisis. Part 1 focuses on, in broad terms, the failure of financial engineering. Almost all of the big players in financial markets were hit when the housing market turned down.

Transcript (pdf)

James Bullard

James Bullard
President and Chief Executive Officer

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Laura Girresch

Executive Assistant to the President
Margo Gundlach

Senior Vice President and Chief of Staff to the President
Cletus C. Coughlin

Senior Economist and Special Assistant to the President
Riccardo DiCecio


"Rationally, let it be said in a whisper, experience is certainly worth more than theory."
Amerigo Vespucci

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