Carol, Yes the feedback is typical by those in the know...the video was not designed to 
highlight the ethical and fraud issues we talk about in class. I don't know whether you saw 
this when I sent it out earlier, but here is a editorial page piece I did for our newspaper last 
fall. I have update it only slightly. I used it for an assignment in my intro classes tying 
together the importance of ethics and law in our lives. It touches on your finance colleagues 
concerns. James

----- Original Message -----
From: "Miller, Carol J" <[log in to unmask]>
Date: Thursday, February 26, 2009 6:29 pm
Subject: Credit Crisis video
To: [log in to unmask]

> Credit Crisis short flick --
> 
> I e-mailed the video link to students and received several 
> appreciativeresponses, indicating that they better understood the 
> currentfinancial/real estate crisis.  It has also generated 
> interestingfeedback from my finance colleagues, including the 
> following one:
> 
> The video is cleverly done and relatively accurate as far as it goes.
> But several key issues were left out.  Namely, (1) the high level of
> fraud that was working up and down the pipeline for years, (2) the
> extreme level of outright gambling involved with the various forms of
> mortgage-backed swaps, options, and derivatives that were promoted by
> Wall Street bankers (who were largely clueless regarding the 
> associatedrisks), and (3) the backstop role played by our federal 
> governmentthrough Fannie Mae and Freddie Mac that made the whole 
> thing possible.
> 
> Carol Miller
> 
> -----Original Message-----
> From: Academy of Legal Studies in Business (ALSB) Talk
> [mailto:[log in to unmask]] On Behalf Of James Highsmith
> Sent: Monday, February 23, 2009 4:51 PM
> To: [log in to unmask]
> Subject: EVEN MORE Food for Thought and Class Discussion
> 
> This is a very interesting proposal given that my students just had to
> write on the topic of independent courts for last Thursday's problem
> assignment. YOU MIGHT WANT TO MAKE THE FOLLOWING AVAILABLE TO YOUR
> STUDENTS.  IT IS A CARTOON EXPLANATION OF THE CREDIT CRISIS. THE 
> MESSAGEI SENT FOLLOWS.
> 
> Law Scholars, Take 11 minutes out of you day to watch this video 
> beforetomorrow's class. It is called The Crisis of Credit.......
> 
> http://vimeo.com/3261363
> 
> James Highsmith
> 
> 
> ----- Original Message -----
> From: "Richard L. Coffinberger" <[log in to unmask]>
> Date: Monday, February 23, 2009 7:53 am
> Subject: Food for Thought and Class Discussion
> To: [log in to unmask]
> 
> > Colleagues: See the attached from today's Washington Post.  Do 
> you 
> > favor any of these proposals for reform of the Supreme Court?
> > Rick
> > 
>