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How the Financial Meltdown Happened

Al Kresta's "Finance Fridays"

Audio-Podcast, Book & Movie Reviews.

Ten interviews with business professor Dr. Max Torres, "tracing the spiritual, moral, economic & political undergirdings of the September 2008 financial meltdown".

(This web page is necessary for hosting the interviews because the Ave Maria Radio podcast-archive system is very difficult to navigate.)

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The Interviewer
Al Kresta
Al Kresta†

The Expert Guest
Max Torres
Max Torres‡

The interviews are now queued to start at the beginning of each podcast.

No. Interview Date

Book Link/Movie Site

1 9/10/2010
Architects of Ruin
How big government liberals wrecked the global economy---and how they will do it again if no one stops them
Peter Schweizer Architects of Ruin
2 9/17/2010
A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse
Thomas E. Woods Jr. Meltdown
3 10/8/2010
House of Cards
A Tale of Hubris and Wretched Excess on Wall Street
William Cohan House of Cards
4 10/15/2010
The Greatest Trade Ever
The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History
Gregory Zuckerman The Greatest Trade Ever
5 10/29/2010
The Big Short
Inside the Doomsday Machine
Michael Lewis The Big Short
6 11/5/2010
Inside Job
The Film that Cost $20,000,000,000,000 to Make
Charles Ferguson www.sonyclassics.com/insidejob/
7 12/3/2010
A Colossal Failure of Common Sense
The Inside Story of the Collapse of Lehman Brothers
Lawrence G. McDonald A Colossal Failure of Common Sense
8 1/14/2011
On the Brink
Inside the Race to Stop the Collapse of the Global Financial System
Henry M. Paulson On the Brink
9 2/11/2011
The End of Prosperity
How Higher Taxes Will Doom the Economy--If We Let It Happen
Arthur B. Laffer, Stephen Moore and Peter Tanous The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen by Arthur B. Laffer, Stephen Moore and Peter Tanous
10 3/25/2011
The Housing Boom and Bust
(Revised Edition)
Thomas Sowell The Housing Boom and Bust

Al Kresta - From Wikipedia, the free encyclopedia

Al Kresta (born 1951) is a Catholic broadcaster, journalist and author. A former Evangelical pastor, he is now the President and CEO of Ave Maria Radio, and host of Kresta in the Afternoon, produced by Ave Maria Radio and syndicated on EWTN Global Catholic Radio, heard on more than 160 stations around the United States, Sirius Satellite, and numerous webstreams.

Personal Background

A 1976 honors graduate of Michigan State University, Kresta has done graduate work in theology at Sacred Heart Major Seminary in Detroit and Ashland Theological Seminary.

In 1986, Kresta began pastoring Shalom Ministry in Taylor, MI. He became well known in the Detroit area for his program, "Talk from the Heart," one of the top-rated Christian talk shows during the 1980s and 90s on WMUZ. When he began the program, Al was a Protestant pastor. The questions forced upon him as pastor, however, led him to return to the Catholic Church. His profound personal conversion to Christ and return to the Catholic Church is told in the best-selling anthology Surprised By Truth.

In 1997 Domino’s Pizza founder Tom Monaghan recruited him to launch the media apostolate, Ave Maria Communications. Over the years, Kresta has engaged in vigorous discussions and debates with many nationally known figures from politics, the arts, the Church, academia and business.

Kresta has been a guest on BBC Radio and major TV network news affiliates. His radio work has received mention by Associated Press, "The Washington Times," "National Catholic Reporter," "Our Sunday Visitor," "Envoy," "Christianity Today," and numerous metropolitan newspapers.

Kresta's life and spiritual journey took on a new dimension in February 2003, when he lost his left leg to necrotizing fasciitis, a virulent infection often referred to as the "flesh-eating bacteria." His extended recovery and eventual return to broadcasting have given him new insights into the realities of suffering and hope.

Kresta and his wife, Sally, were married in 1977 and currently have 5 children.


Kresta is the author of "Why Do Catholics Genuflect?—And Answers to Other Puzzling Questions About the Catholic Faith" (Servant Books), "Why Are Catholics So Concerned About Sin?" (St. Anthony Messenger Press) and co-author with Nick Thomm of "Moments of Grace: Inspiring Stories From Well-Known Catholics" (St. Anthony Messenger Press). He is a contributor to "Shaken by Scandals: Catholics Speak Out About Priests’ Sexual Abuse" (Servant Books), and "Loving Your Neighbor," (Capital Research Foundation).

Why Do Catholics Genuflect?

Why Do Catholic Genuflect? has made the top-10 list of Catholic books compiled by the Catholic Book Publisher’s Association. It answers more than 50 common questions about Catholic religious beliefs and spiritual practices. At its release, Kresta explained that the book isn’t intended to be "a definitive work of apologetics." Rather, it is written in question-and-answer style like "a conversation that would help interested Catholics and non-Catholics better understand why Catholics believe and behave as we do."

‡Maximilian B. Torres, Jr., Assistant Professor of Law, Pettit College of Law, Ohio Northern University; Visiting Professor of Business, IESE Business School, University of Navarra

Ph.D., summa cum laude, Business Administration, University of Navarra, Barcelona, Spain; J.D., Harvard Law School

Professor Torres joined the Ohio Northern faculty in August, 2006. Prior to coming to ONU, he taught at Ave Maria and Southern New England law schools, in the business programs at Dartmouth, Stanford, and the Institute for Media and Entertainment, and internationally at University of Navarra (Spain) and Bled School of Management (Slovenia). He spent a number of years working in the investment and securities fields with Merrill Lynch, Pierce, Fenner & Smith and Dean Witter Reynolds, Inc.

Professor Torres is director of the Three-Dimensional Leadership Institute, a center for training leaders to harness the intangibles that underlie measurable results. Located in Ann Arbor, MI--home to the University of Michigan, one of the world's great research universities--its activities with executives are carried on throughout the world.

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