Investor Bill Hwang set off a storm in the stock market in March when his firm, Archegos Capital Management, and its banks, began liquidating huge positions in blue-chip companies, according to people familiar with the transactions. The sales sent individual stocks swooning and have left at least three banks with major damage. As a family office - a firm generally created to handle the investments of a single wealthy person and a small circle around them - Archegos was essentially unregulated.

Sarah Quinn, author of the new book: "American Bonds: How Credit Markets Shaped a Nation." Dr. Quinn discusses how since the Westward expansion, the U.S. government has used financial markets to manage America's complex social divides, and politicians and officials across the political spectrum have turned to land sales, home ownership, and credit to provide economic opportunity without the appearance of market intervention or direct wealth redistribution.

Sarah L. Quinn is associate professor of sociology at the University of Washington.

Brandon Winford discusses his new book, John Hervey Wheeler, Black Banking, and the Economic Struggle for Civil Rights. Wheeler was one of the civil rights movement's most influential leaders. In articulating a bold vision of regional prosperity grounded in full citizenship and economic power for African Americans, this banker, lawyer, and visionary played a leading role in the fight for racial and economic equality throughout North Carolina. Wheeler began his career as a teller at Mechanics and Farmers Bank and rose to become bank president.

Katharina Pistor discusses her new book, The Code of Capital: How the Law Creates Wealth and Inequality. The book is a major intervention about the nature of modern capitalism. Pistor argues for the central role of the law in shaping the distribution of wealth and makes a compelling case that it is law that creates capital itself. Katharina Pistor is the Edwin B. Parker Professor of Comparative Law at Columbia Law School and director of the Law School's Center on Global Legal Transformation. Her work spans comparative law and corporate governance, law and finance, and law and development.

Panelists discuss the emerging Global Financial Crisis during the 2008 dedication of the law school building.

Recorded on November 06, 2008.

Full title: Building Dedication Celebration: The Credit Crisis: A View From the Street.

Appearing: Moderator: James D. Cox ; Panelists: Nora Jordan '83, head of Davis Polk & Wardwell's Investment Management Group ; George R. Krouse Jr. '70, of counsel, Simpson Thacher & Bartlett ; Ed Greene, general counsel, Citi Markets & Banking.

The subprime mortgage crisis has led to the failure or sale of some venerable financial institutions, as well as the wholesale government bailout of others deemed "too big to fail." Some observers fear the entire financial system may be teetering on the brink of collapse. Professors James Cox, Steven Schwarcz, and Bill Brown discuss the causes and cures for the growing economic crisis. [Bill Brown is a visiting faculty member at Duke Law, and is cofounder of Palmer Labs, LLC, and 8 Rivers Capital, LLC, .

The Global Capital Markets Center presents Ed Greene, General Counsel for Citi Markets and Banking. Introduction by Jim Cox.

Recorded on February 25, 2008.

Appearing: Jim Cox, host/introductions ; Ed Greene (Citi Markets & Banking), speaker.