Lecture/presentation.
Ted Lewis.
This module discusses the banking/financial sector of the US economy as one of the Federal government’s identified elements of critical infrastructure (CI). Analyzes of the 2008 subprime mortgage collapse by providing historical context and applying the Amaral-Meyer Network to simulate the crash. Suggests that the most catastrophic failure of the market is caused not by being “too big to fail,” but “connected to fail.” Suggests how policymakers should prevent future catastrophes by decreasing connection, rather than increasing protection, to at-risk connectors.