Set in 2009, and based on interviews with and publications by MIT Sloan Professors Simon Johnson and Andrew Lo, this note describes the “why” and “how” behind the global financial crisis that hit in 2008 as well as the short-term and long-range solutions being publicly advocated by Johnson and Lo.
To encourage debate among students about the increasingly complex relationship between business and government and the degree to which one influences the other for good and ill.
COULD BE TAUGHT IN THE FOLLOWING COURSE(S)
ethics, business and government, organizational behavior, finance
THE GLOBAL FINANCIAL CRISIS OF 2008: THE ROLE OF GREED, FEAR AND OLIGARCHS
*An educator (non-watermarked) copy of this case is available only to individuals who hold teaching positions at academic institutions and want to use the case in a course.