Twelve months after the failure of Lehman Brothers, introduction of TARP, a freeze-up of interbank lending, and the beginning of a stock market roller coaster ride, what do we know about what really happened? What really caused the housing bubble and how did that lead to the crisis? If the crisis was the result of many mistakes, how should we go about thinking about what kinds of mistakes were made and who is really at fault?

Russ Roberts, PhD and Arnold Kling, PhD present the findings of their in-depth investigations of the causes and nature of this unique economic event.