Summary of financial crisis and solutions

For those of you who need a latest quick summary of what happened to the financial system and what we should do. Hope this will be useful to help you discuss some topics in your interviews.

Restoring Financial Stability - How to repair a failed system

In 18 short, targeted and definitive White Papers – each tracing the core of the problem, the policy alternatives, and a specific course of action – 32 academics, combining a solid understanding of financial economics with the practice of modern finance, suggest solutions, in the public interest, to the central issues of today's financial crisis.

It's written solely by NYU professors. Different schools have different views.

For example, U.Chicago is ultra right-wing and pure capitalistic. Papers written by Chicago insist little governmental intervenation in the economy.

Same idea for this NYU paper.