VIDEO: L. William Seidman talks financial crisis

CNBC commentator and former FDIC Chairman L. William Seidman talked about the financial crisis and gave his opinion on the presidential candidates Thursday as part of the 2008 Seidman College of Business Breakfast Series at Grand Valley State University.

Seidman, a Michigan native, is chief financial commentator for CNBC Business Television, and his "Seidman Says" commentaries are widely watched and reported. Seidman was an economic advisor to presidents Ford and Reagan, and served as chairman of the Federal Deposit Insurance Corporation under presidents Reagan and George H.W. Bush. From 1989-1991, he was the first chairman of the Resolution Trust Company, which was a direct product of the S&L bailout. He was founding chairman of the Board of Trustees of Grand Valley State University.

The event was sponsored by the Seidman College of Business Alumni Association and The Hauenstein Center for Presidential Studies. Streaming video of the event is available here: