How the Wall Street Meltdown Happened

Most of us are still mystified about how our economy collapsed to violently last year, its force bringing down huge, steadfast, centuries-old companies like Lehman Brothers and General Motors. If you’re one of us, check out this “60 Minutes” rerun from last year, which explains what Warren Buffet called “financial weapons of mass destruction” – credit-default swaps – as clearly as anyone can.

Click to watch “60 Minutes” episode: “Financial WMDs.”


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